Ramesh incurred a loss of 10% after selling a phone. If be had sold the phone for ₹1,260 more, then he would have made a profit of 5%. What is the cost price of the phone?
Answer & explanation
Correct answer: option 4
Direct concept =
Loss% + Profit% = More price added in selling price
10% + 5% = 1260
15% of the CP = 1260
then, 100% of the CP = 8400