If a person sells a thing of Rs.90 at 10% loss. Then the cost price is
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Step-by-step explanation:
=100
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Answer:
SOLUTION
Concept:
Loss % = \(\left( {\;\frac{{{\rm{Loss}}}}{{{\rm{C}}.{\rm{P}}.}}\;} \right)\) × 100
Loss = Cost Price - Selling Price
Calculation:
Given: Selling price (S.P.) = 90 Rs.
Loss = 10%
Loss = C.P. – 90,
∵ \(10 = \;\left( {\frac{{{\rm{C}}.{\rm{P}}.{\rm{\;}} - 90}}{{{\rm{C}}.{\rm{P}}.}}} \right) \times 100\)
∴ C.P. = 100 Rs.
Hence, the Cost Price will be Rs. 100.
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