Difficulty: Easy
Correct Answer: Rs 300
Explanation:
Introduction / Context:
Equal loss and profit comparisons are classic reverse-percentage problems. Express both situations in terms of CP and equate the magnitudes to solve for CP.
Given Data / Assumptions:
Concept / Approach:
Loss at 270 is CP - 270. Profit at 10% is 0.10 × CP. Set them equal and solve for CP.
Step-by-Step Solution:
CP - 270 = 0.10 CP.0.90 CP = 270.CP = 270 / 0.90 = 300.
Verification / Alternative check:
Loss at 270 = 300 − 270 = 30; 10% profit on 300 = 30 (equal, as stated).
Why Other Options Are Wrong:
90, 110, 363, 330 do not satisfy the equality condition when checked.
Common Pitfalls:
Equating 270 directly to 10% of CP or misinterpreting the statement as equal selling prices rather than equal magnitudes.
Final Answer:
Rs 300
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