Question

An item was sold for Rs 532 at a lossos 5%. What was its cost price??

Answer 1

532*5/100= 26.6
532+26.6= 558.60

Answer 2

Let cost price be “x”

Given loss = 5% of Cost price. = 5x/100=x/20

Sold price = Cost price - Loss

532 = x - x/20

532= (20x-x)/20

532(20)= 19x

x= 532(20)/ 19

x= 28(20)

x= 560