A wristwatch is sold for ₹2,700 at a loss of 10%. What is the cost price of the wristwatch?
- A₹2,900
- B₹3,200
- C₹3,000
- D₹3,300
Solution & Step-by-step Explanation
Given:
Selling Price (SP) = ₹2,700
Loss percentage = 10%
The relation between Cost Price (CP) and Selling Price (SP) during a loss is:
SP=CP×(1−
100
Loss%
)
2700=CP×(1−
100
10
)
2700=CP×
100
90
CP=
90
2700×100
CP=30×100=3,000
Therefore, the cost price of the wristwatch is ₹3,000.
Selling Price (SP) = ₹2,700
Loss percentage = 10%
The relation between Cost Price (CP) and Selling Price (SP) during a loss is:
SP=CP×(1−
100
Loss%
)
2700=CP×(1−
100
10
)
2700=CP×
100
90
CP=
90
2700×100
CP=30×100=3,000
Therefore, the cost price of the wristwatch is ₹3,000.