Question

An item was sold for Rs.440 at a loss of 10%, what was its cost price?
Please post it with explanation

Answer 1

Answer:

Correct option is

A

Rs. 568.42

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

Step-by-step explanation:

S. P = ₹440

loss = 10 percent

C. P = 440 - 10% of 440

C. P = 440 - 10/100 × 440

C. P = 440- 44

C. P = ₹396

Hope it helps