Question

A man sold an article for RS 6270 and lost 1/20 of the cost price . Find the cost price.

Answer 1

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Answer 2

The answer is Rs 6,600

GIVEN

A man sold an article for RS 6270 and lost 1/20 of the cost price.

TO FIND

The cost price of the article.

SOLUTION

We can simply solve the above problem as follows;

Let the cost price of the article = Rs x

We know that,

Cost price = Selling price + Loss

Now,

Given,

Loss = 1/20 of CP

Loss = Rs x/20

Therefore,

x = 6270 + x/20

$x - \frac{x}{20} = 6270$

19x/20 = 6270

19x = 6270 × 20

x = 330 × 20

x = Rs 6,600

Hence, The answer is Rs 6,600

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