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What will be the CP when SP=Rs 8510, loss=8%?

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Rs 9250

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Rs 9500

answer is B.

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Detailed Solution

We are given that, S.P is Rs 8510 and loss is 8%.
We have the following formula:
S.P=selling price.
C.P=cost price.
Gain=S.P-C.P

G a i n % = S . P − C . P C . P × 100

Loss=C.P-S.P

L o s s % = C . P − S . P C . P × 100

Let the C.P be x.
The C.P is,

⇒ 8 = x − 8510 x × 100 ⇒ 8 x = 100 x − 851000 ⇒ 100 x − 8 x = 851000 ⇒ 92 x = 851000

Solve further,

⇒ x = 9250

The C.P is Rs 9250.
Therefore, the correct option is 2.

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