Question

By selling of an article for Rs. 990. A man incurs a loss of 10%, What was the cost price?
1. Rs. 1100
2. Rs. 1120
3. Rs. 1129
4. Rs. 1200

Answer 1

Correct Answer - Option 1 : Rs. 1100

Given:

Selling Price of an article is Rs. 990

Loss % = 10%

Formula used:

S.P = C.P (100 - Loss)/100

Where,

C.P = Cost Price of an article

S.P = Selling Price of an article

Calculation:

S.P = C.P (100 - Loss)/100

⇒ 990 = C.P (100 - 10)/100

⇒ C.P =  990/0.90

⇒ C.P = 1,100

∴ The cost price of an article is Rs. 1,100