Question

An item was sold for Rs. 540 at the loss of 5 percent . what was its cost price?

Answer 1

S. P of an item = rs 540
Loss % = 5%
Therefore, C. P= sp(100/100-loss)
=540(100/100-5)
=540 x 100/95
=568 whole 8/19
It can also be written as 568.421053
Hope it helps...!!!

Answer 2

So, first of all...

Loss % = 5 %

CP = {100/(100-loss%)×SP

= 100/(100-5%)×540
= 100/95 × 540
= 54000/95
= 568.421052632