alleryA vendor sells an item at ₹880 making a 10% loss. What was the cost price?
A₹792 approximately
B₹968 approximately
C₹977.78 approx
D₹880 unchanged
Answer & Solution
Correct answer: C. ₹977.78 approx
SP = CP × (1 − 10/100).
880 = CP × 0.90. CP = 880/0.90 = ₹977.78 (approximately).
**Trap:** 880 × 1.10 = ₹968 wrongly applies the percentage to SP.
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