Question

an article is sold for rs 1400 resulted in loss of 30% what was cost price of article​

Answer 1

Answer:

given

sp=1400

loss=30%

so

cp=100/100-loss%*sp

=100/70*1400

=2000

hence the cost price of article=2000

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Answer 2

Given that:

• An article is sold for Rs. 1400 at 30% loss.

To Find:

• What is the cost price of an article?

Formula used:

• CP = (SP × 100)/(100 - loss%)

Where,

• SP = Selling price
• CP = Cost price

Finding the cost price of an article:

ㅤ↠ㅤCP = (1400 × 100)/(100 - 30)

ㅤ↠ㅤCP = 140000/70

ㅤ↠ㅤCP = 2000

Hence,

• The cost price of an article is Rs. 2000.