Exams › SSC CGL (Prelims) › General

A merchant incurred a loss of ₹200 on an item. If the loss percentage was 8%, what was the cost price?

1. ₹ 2,250
2. ₹ 2,500
3. ₹ 2,750
4. ₹ 3,000

Correct answer: ₹ 2,500

Solution

Loss = 8% of cost price. So, 0.08 × CP = 200, which gives CP = 200/0.08 = 2500. Therefore, the cost price is ₹2,500.

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