A trader sells a bag for ₹1,260 at a loss of 10%. What was the cost price of…

2026

A trader sells a bag for ₹1,260 at a loss of 10%. What was the cost price of the bag?

  1. A.

    ₹1,350

  2. B.

    ₹1,300

  3. C.

    ₹1,450

  4. D.

    ₹1,400

Attempted by 62 students.

Show answer & explanation

Correct answer: D

Step 1: Identify the given values.
Selling Price (SP) = ₹1,260
Loss Percentage = 10%

Step 2: Apply the formula for Cost Price (CP).
To find the cost price when there is a loss, use the formula:
CP = SP / (1 - Loss%)
CP = 1260 / (1 - 0.10)
CP = 1260 / 0.9

Step 3: Calculate the final value.
CP = 1400

Final Answer: Option 4

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