Question

4) An umbrella was sold at 372, incurring a loss
of 10%. What was its cost price?​

Answer 1

Answer:

Let the CP = x

Loss% = loss× 100/cp

10 = loss × 100/x

x= 10× loss

loss= x/10

SP = CP - loss

372 = x - x/10

372 = (10x-x)/10

372×10 = 9x

3720 ÷ 9 = x

x= 413.333333333

Hence, the cost price is Rs. 413.33