Question

By selling a watch for Rs. 495, a shopkeeper incurs a loss of 10% Find the cost price of the watch for the shopkeeper.

• A. Rs. $545$
• B. Rs. $550$
• C. Rs. $555$
• D. None of these

Answer 1

The correct option is B Rs. $550$

$HereS.P.=495$
$Loss=10\%$
$C.P.=\frac{\text{SP}}{(100-\text{Loss}\%)}\times 100$
$CP=\frac{495}{90}\times 100=Rs550$