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A pair of shoes was sold for ₦2,250.00 at a loss of 10%. What was the cost price?
Mathematics
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Answer
Step-by-step solution
4 stepsHere's how to find the cost price:
Identify the given values.
The selling price (SP) is .
The loss percentage is .Understand the relationship between selling price, cost price, and loss.
When there is a loss, the selling price is the cost price minus the loss.
If the loss is , it means the selling price is of the cost price.
So,
Substitute the known values into the formula and solve for the cost price (CP).
To find CP, divide the selling price by 0.90:
The cost price was .
Select the correct option.
The calculated cost price matches option B.
The final answer is
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