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- Identify CP and SP.
- Find profit/loss amount.
- Use CP as base for percentage if asked.
Correct Answer: B
Correct Answer: B
Method / Topic: Profit and Loss
Profit or loss percentage is calculated on cost price.
Short Explanation
Detailed Explanation
Correct Answer: B
Method / Topic: Profit and Loss
At an 8% loss, 92% of cost price is recovered.
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Learn + Solve: Shortcut, Trap & Fast Route Click to view shortcut, steps, and common mistake
Shortcut used, common trap, and the fastest solving route
- Identify CP and SP.
- Find profit/loss amount.
- Use CP as base for percentage if asked.
A shopkeeper sells an item for Rs. 1,840 at a loss of 8%. What was its cost price?
Explanation
Correct Answer: B
Method / Topic: Profit and Loss
Profit or loss percentage is calculated on cost price.
Short Explanation
Detailed Explanation
Correct Answer: B
Method / Topic: Profit and Loss
At an 8% loss, 92% of cost price is recovered.
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