Question

If selling an article for Rs. 820 causes 10% loss on the selling price, find it's cost price.
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Answer 1

Given

Selling Price of and article= RS 820

Loss percent = 10%

To find = cost price of the article

Solutions:-

By using formula

We can simply use

Cost Price = ( Selling Price * 100 ) / ( 100 – loss percente)

Cost Price= 820* 100/ 100-10

Cost Price= 82,000÷90

Cost Price = Rs 911.11

Hence, Cost Price is Rs 911.11 .

So,the Correct answer is

Cost Price is Rs 911.11 .

Answer 2

The cost price of the article in Rs 911.11

Step-by-step explanation:

Given: Selling Price, SP = Rs 820, Loss % = 10%

• If loss is 10%, it means that if the cost price is Rs100, the loss incurred is Rs 10.

• If CP is Rs 100, then SP is Rs 90

When SP is 90, CP = Rs 100

When SP is 820, CP $= \frac{100}{90} \times 820 = 911.11$

∴ CP = Rs. 911.11