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Question
In case of loss, `C.P. = (100 xx S.P.)/(100 + Loss%)`
Options
True
False
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Solution
This statement is False.
Explanation:
We know that,
Loss = Cost price – Selling price
∴ Loss % = `"Loss"/"Cost price" xx 100`
∴ Cost price = `100/(100 - "Loss"%) xx "Selling price"`
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