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?
Answer: D. ₹1,400 — 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…
- A.
₹1,350
- B.
₹1,300
- C.
₹1,450
- D.
₹1,400
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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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