Question

an item was sold for rupees 540 at a loss of 5% what was its cost price

Answer 1

HOLA MATE

CP=(100/100-L% X SP)
100/100-5% X 540
100/95 X 540
100/19 X 108
10800/19
568.42
hence, CP of the article is Rs. 568.42

Answer 2

Answer:

Step-by-step explanation:

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