an item was sold at rupees 540 at a loss of 5%. what was its cost price?
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Answer:
S.P of an item = Rs.540
Loss% = 5%
C.P = {100/(100-loss%)}×S.P
C.P = {100/(100-5)×540}
= 100/95×540
= 54000/95
= 568.43 (approx)
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