What will be the cost price of an item if selling price is Rs. 990 and profit % is 10%.

Options :
  1. 850
  2. 900
  3. 800
  4. none of the above
Answer and Explanation :-

Answer: Option 2

Explanation:

C.P. = (100*S.P.)/(100+P%) = (100*990)/(100+10) = 100*9 = 900 Rs.

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