A pair of shoes was sold for N2,250.00 at a loss of 10%. What was the cost price?
A
N750.00
B
N2,500.00
C
N2,538.00
D
N3,288.00
E
N4,038.00
Verified Correct Answer: B.
Step-by-Step Mathematical Solution
Using: CP = \(\frac{SP \times 100}{100 − L%}\)
L% = 10
SP = 2250
CP = \(\frac{2250 \times 100}{100 − 10}\) = \(\frac{225000}{90}\) = #2500
Source: Myschool Past Questions Archive (Record #42583)