By selling on book for ₹250, loss perc

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Target Exam

CUET

Subject

General Aptitude Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

By selling on book for ₹250, loss percentage is 10%. What is the cost price?

Options:

277.7

250

285

315

Correct Answer:

277.7

Explanation:

selling one book for ₹250, loss percentage is 10%

Loss% = Loss*100/CP = (CP-SP)*100/CP

10 CP = (CP- 250)*100

10 CP = 100 CP - 25000

90 CP = 25000

CP = 277.7

The correct answer is Option (1) → 277.7