Question

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

Answer 1

SP of the fridge=Rs 6251
Let the CP be x
Loss=1/20 of CP

LOSS=CP-SP
1/20x=x-6251
1/20x-x=-6251
-19x/20=-6251
On solving x =6580

CP= Rs 6580

Answer 2

Answer:

Rs. 6600

Step-by-step explanation:

Let the cost price of item be x

We are given that A man sold an article for Rs 6270 and lost 1/20 of the cost price

So, loss = $\frac{1}{20}x$

SP = CP-LOSS = $x-\frac{1}{20}x=\frac{19x}{20}$

we are given that the SP is Rs.6270

So, $\frac{19}{20}x=6270$

$x=6270 \times \frac{20}{19}$

$x=6600$

Hence  the cost price is Rs. 6600