Question

An article was sold for ₹ 950 with a loss of 5%. What was its cost price ?

Answer 1

Step-by-step explanation:

Sp = Rs 950

loss %= 5%

then,

cp = (sp × 100)/( 100 - loss%)

= ( 95000/ ( 100 -5)

= 95000 / 95

= 1000

Therefore - cp is Rs 1000