When an item is sold at a loss, the cost price can be calculated using the formula: Cost Price = Selling Price / (1 - Loss Percentage/100). For example, if an item sells for $450 with a 10% loss, the cost price is $450 / (1 - 0.10) = $450 / 0.90 = $500.
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Basic Math Test 749 #maths #mathproblems #shorts #decodethepuzzle #mathfun #riddlejourney #quizAdded:
An item [music] was sold for $450 incurring a loss of 10%.
What [music] was the cost price of the item?
Option A, $200. [music] Option B, $300.
Option C, [music] $500.
Option D, $600. [music]
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