A watch was sold at a loss of 10%. If it was sold for Rs. 900, what was its cost price?
Question
A watch was sold at a loss of 10%. If it was sold for Rs. 900, what was its cost price?
Solution
Sure, let's solve this step by step.
Step 1: Understand the problem The watch was sold at a loss of 10% for Rs. 900. We need to find the cost price.
Step 2: Set up the equation Let's denote the cost price as X. Since the watch was sold at a loss of 10%, this means that 90% of the cost price is equal to Rs. 900.
So, we can set up the equation as follows: 0.90 * X = 900
Step 3: Solve the equation To find the value of X, we need to divide both sides of the equation by 0.90:
X = 900 / 0.90
Step 4: Calculate the value X = 1000
So, the cost price of the watch was Rs. 1000.
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