Find cost price when,
Selling price = RS 450
LOSS = 10%
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Convert the 10% into a fraction,
⇒ 10/100 = 1/10
As we know the numerator indicates the loss or the profit in a fraction, and the denominator indicates the total cost price.
Loss = 1 unit
Cost Price = 10 units
So, the selling price is 9 units.
⇒ 9 → Rs. 450
⇒ 10 → (450 × 10)/9
⇒ Rs. 500
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