Question

A bicycle was sold for ₹5700 at a loss of 5%. What was its cost price? Also find
the amount of loss.

Answer 1

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A bicycle was sold for ₹5700 at a loss of 5%. What was its cost price? Also find the amount of loss.

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S.P. = ₹5700

Loss% = 5%

☁️To find C.P.↷

$C.P. = > \frac{100}{(100 - Loss \: percent)} \times S.P. \\ = > \frac{100}{(100 - 5)} \times 5700 \\ = > \frac{100}{95} \times 5700 \\ = > ₹114000$

☁️Now, To find Loss↷

$Loss \: = C.P. - S.P. \\ = > 114000 - 5700 \\ = > ₹108300$

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∴ Hence, Cost Price (C.P.) = ₹114000 and Loss = ₹108300