Question

A student sold a book for $550 at a loss of 6%. find the original purchase price of the book.

Answer 1

Answer: 585.11 $

Step-by-step explanation:

Let, original price of the book be 100x $.

If, student sell it at a loss of 6%, then the selling price is $(100x - 6x) = 94x$ $.

Now, $94x = 550$ ⇒ $x = \frac{550}{94}$ ⇒ $100x = \frac{550}{94}$ × $100$ $= 585.11 (upto 2 decimal)$