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10 Aug 2020 : Profit & Loss

Find the cost price of 1KG of Cashews which is sold for Rs. 690 at a loss of 8%.

OPtion

1) 800
2) 725
3) 750
4) 820
5) 850
6) 860
7) 720
8) 775
9) 700
10) None of these

Solution

If CP 100 SP 92
i.e. When SP 92, CP 100
when SP 690, CP = 100*690/92 = 750

Correct Option: 3 Best Solution (1)