Question

An Item was sold for Rs 450 at a loss of 5%. What was its cost price?

Answer 1

if an item was sold at a loss of 5%, then the selling price is 95% of the cost price.

let the CP be x

95% of x = ..rs 450

95/100 of x= 450

x=450*100/95

x=Rs 473.68

the cost price is Rs 473.68

Answer 2

Answer:

We have,

We have,SP = Rs 540

We have,SP = Rs 540Loss = 5%

We have,SP = Rs 540Loss = 5%CP =?

We have,SP = Rs 540Loss = 5%CP =?Therefore, put the values in the above equation, we get

We have,SP = Rs 540Loss = 5%CP =?Therefore, put the values in the above equation, we getCP = 450/19×20

We have,SP = Rs 540Loss = 5%CP =?Therefore, put the values in the above equation, we getCP = 450/19×20=>CP= 50×20= RS 1000.