Question

A shopkeeper sold an article for Rs . 9500 at a loss of 5 % . What is its cost price ? Solve it with the whole formula. ​

Answer 1

Answer:

• Its cost price is Rs 10000.

Step-by-step explanation:

Given that:

• A shopkeeper sold an article for Rs 9500 at a loss of 5 %.

To Find:

• What is its cost price?

Formula used:

When selling price and loss percent is given.

• C.P. = (S.P. × 100)/(100 - LOSS%)

Where,

• C.P. = Cost price
• S.P. = Selling price

Finding the cost price of an article:

⟶ Cost price = (9500 × 100)/(100 - 5)

⟶ Cost price = 950000/95

⟶ Cost price = 10000

∴ The cost price of an article = Rs 10000

Answer 2

Given :

A shopkeeper sold an article for Rs. 9500 at the loss of 5%.

To find :

What is the Cost price.

Solution :

We know that,

CP = (SP × 100)/(100 - Loss%)

= (9500 × 100)/(100 - 5%)

= 95000/95

= 10000

Therefore,

The cost price of article is Rs. 10000