Raj sold his watch at a loss of 12%. If the S.P was Rs.7040 what was its cost price?
Rs. 8000
Rs. 8080
Rs. 8500
Rs. 8800
The correct option is A.Rs.8000
Loss =12%
SP =Rs.7040
∴CP=100100−Loss%×SP
=100100−12×7040
=10088×7040
=100×80
∴CP=Rs.8000