Question

By selling an article for 960 a man incurrs a loss of 4% . What was the cost price of the article

Answer 1

Answer:

STEP BY STEP EXPLANATION

SP is 960

Loss is 4%

CP is 100/100-loss% multiplied by SP

100/96x960

Answer=Rs1000 is the CP of the article

Hope it helped you

Answer 2

$\blue{\bold{\underline{\underline{Answer:}}}}$

$\green{\tt{\therefore{Cost\:price=1000\:rupees}}}$

$\orange{\bold{\underline{\underline{Step-by-step\:explanation:}}}}$

$\green{\underline \bold{Given :}} \\ \tt: \implies Selling \: price = 960 \: rupees \\ \\ \tt: \implies Loss\% = 4\% \\ \\ \red{\underline \bold{To \: Find:}} \\ \tt: \implies Cost \: price =?$

• According to given question :

$\tt \circ \: Let \: cost \: price \: be \: x \\ \\ \bold{As \: we \: know \: that} \\ \tt: \implies C.P- Loss = Selling \: price \\ \\ \tt: \implies C.P- Loss\% \: of \: C.P= Selling \: price \\ \\ \tt: \implies x - 4\% \: of \: x = 960 \\ \\ \tt: \implies x - 0.04x = 960 \\ \\ \tt: \implies 0.96x = 960 \\ \\ \tt: \implies x = \frac{960}{0.96} \\ \\ \green{\tt: \implies x = 1000 \: rupees} \\ \\ \green{\tt \therefore Cost \: price \: is \: 1000 \: rupees}$