Selling price of an article is Rs 1144. If loss percentage is 12%, then what is the cost price (in Rs) of article?

Options

A. 1300
B. 1006
C. 1242
D. 1440

Explanation

To find the cost price (CP) of the article given the selling price (SP) and the loss percentage, we can follow these steps:

### Step 1: Understand the relationship between Selling Price, Cost Price, and Loss Percentage
The formula to relate Selling Price, Cost Price, and Loss Percentage is:
\[ SP = CP \times \left(1 - \frac{Loss \%}{100}\right) \]

### Step 2: Substitute the known values into the formula
We know:
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