Question

A trader sold some damaged garments at 7360 at a loss of 8%. Find the cost price of the garments.

Answer 1

sp=$7360
loss%=8%
cp= sp×100/100-loss%
cp=7360×100/92
cp= 320×25
cp=$8000

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Answer 2

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Here is your answer
SP = Rs 7360
Loss % = 8%

As we know the formula

$cost \: price \: = \frac{sp \times 100}{(100 - loss\%)} \\ cp = \frac{7360 \times 100}{(100 - 8)} \\ cp = \frac{736000}{92} \\ cp = 8000$

Therefore Cost price of the garment is Rs 8,000

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