Question

If the selling price of a chair is ₹2,500 and the loss incurred is ₹150, then what is the cost price?

Select one:
₹150
₹250
₹2,650
₹2,350

Answer 1

If the selling price of a chair is 2,350

Answer 2

Here the selling price  and the loss is given

selling price = ₹2,500

loss = ₹150

We have to find the cost price

When the selling price and loss will be added then the cost price will be obtained

We will use the below formula

cost price = selling price + loss

                = 2500 + 150

              = 2650

Hence, the cost price will be ₹2650