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Quantitative Reasoning – Was not Ravi incurring a loss?

PSA 2014_XI_Q3. Ravi sold his bicycle for Rs. 1,170. This was 10% less than he paid for it. How much did he pay for the bicycle?

1) Rs. 1,053
2) Rs. 1,183
3) Rs. 1,287
4) Rs. 1,300

Ans:Selling price = 90% of Cost Price

=>CP= SP*10/9 = 1170*10/9 = 1300. Option (4).

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