Q. A trader sells an item for ₹840 and incurs a loss of 12%. What is the cost price?
✅ Correct Answer: (C)
₹950
Explanation: SP = 840 = 88% of CP. CP = (840 / 88) × 100 = ₹954.54 ≈ ₹950.
Explanation by: Yami Thakur
SP = 840 = 88% of CP. CP = (840 / 88) × 100 = ₹954.54 ≈ ₹950.