To find the cost price (C.P.) of the commodity, we can use the formula for calculating the selling price (S.P.) in case of loss:
S.P. = (100 - Loss%) * C.P. / 100
Here: S.P. = Rs. 34.80 (selling price) Loss% = 2%
Now, substitute the values into the formula:
34.80 = (100 - 2) * C.P. / 100
34.80 = 98 * C.P. / 100
Now, multiply both sides of the equation by 100 to get rid of the denominator:
34.80 * 100 = 98 * C.P.
3480 = 98 * C.P.
Now, divide both sides by 98:
C.P. = 3480 / 98
C.P. = 35.43 (approximately)
This is the cost price of the commodity. However, none of the options match exactly this value. Therefore, based on the given options, it seems there may be an error in the choices provided.