Question

By selling an article for ₹ 900, a loss of 10% is incurred. Find its cost price.

• A. ₹ 950
• B. ₹ 1100
• C. ₹ 1000
• D. Rs. 990

Answer 1

The correct option is C ₹ 1000

Given that,
Selling price of an article = ₹ 900
Loss = 10%
$\therefore$ Loss % $=\frac{Loss}{C.P}$$\times 100$
10 $=\frac{Loss}{C.P}$$\times 100$
Loss $=\frac{C.P}{10}$
As, Loss = C.P - S.P
$\frac{C.P}{10}$ $=C.P-900$
$\frac{9C.P}{10}$ $=900$
C.P = ₹ 1000
Hence, the cost price of an article is ₹ 1000.