Question

An article was sold for rs 540 at a loss of 5%.What was it's cost price

Answer 1

Given:

S.P= ₹ 540, loss%=5%

Let the Cost price = C.P

Loss% =( loss/C.P) × 100

Loss% =( (CP- SP)/CP ) × 100

5 =( (CP - 540)/CP ) × 100

5/100 = ( (CP - 540)/CP )

1/20 = ( (CP - 540)/CP )

CP = 20 (CP - 540)

20 = 20CP - 10800

20CP - CP = 10800

19CP = 10800

CP = 10800/19

CP =₹ 568.42

Hence, the cost price of an item = ₹ 568.42

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Answer 2

HEY MATE HERE IS YOUR ANSWER

C. P = S. P ÷(1 - LOSS÷100)

C. P = 540 ÷ ( 1- 5÷100)

C.P = 540 ÷ (95÷100)

C.P = (540 ×100) ÷95

C. P = 54000 ÷95

C. P = 568.42 RS