Question

An umbrella was sold by shopkeeper for Rs 480 bearing a loss of 40%. Find C.P

Answer 1

Answer:

The cost price of the umbrella was ₹ 800.

Step-by-step explanation:

In the question, we have been given the Selling Price and the Loss percentage. We have to find out the cost price.

We can use the following formula to find out the cost price.

CP = ( SP * 100 ) / ( 100 – percentage loss )

According to the question,

SP= ₹ 480

Loss percentage = 40%

Putting in the formula;

CP = (480 × 100)/(100-40)

CP= 48000/60

CP=₹800

Therefore, the cost price of umbrella was ₹ 800.

Answer 2

Answer:

₹ 800

Step-by-step explanation:

SP = ₹480

Loss% = 40 %

CP = SP × 100 / 100 - 40

CP = 480 × 100 / 100 - 40

CP = 48000/ 60

CP = ₹800

: The cost of price of umbrella is ₹ 800