A wristwatch is sold for ₹2,700 at a loss of 10%. What is the cost price of the wristwatch?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 ie. ₹3,000.
Let cost price = CP
Loss = 10%
SP = CP × (1 - )
⇒ 2700 = CP × (1 - 0.1)
⇒ 2700 = CP × 0.9
⇒ CP = ₹3000