Question

Chirag sold a mobile for 465. Find the cost if he incurred a loss of 7%​

Answer 1

Let cost be C
Now loss %= 7%
Selling price = C - loss
= C - (7/100)*C
= (93/100)*C

Thus, 465 = (93/100)*C
Thus C = 500

Answer 2

*Cost price =((100)/100-loss%)xselling price)

therefore,the cost price of watch =

(100/5)x465

100x5=500