Question

Find CP if the loss percentage is 18% and selling price is 287

Answer 1

Answer:

350

Step-by-step explanation:

check the solution in attached imagee

Answer 2

Concept

The amount of loss experienced that is expressed or computed in percentage is referred to as loss percentage.

Given

The selling price is $287$ and percentage loss is $18\%$.

Find

We have to find the cost price.

Solution

The given selling price is $287$.

Percentage Loss$=18\%$

Now, we will find the cost price using the formula $L\%=\frac{CP-SP}{CP}\times 100$.

$18=\frac{CP-287}{CP}\times 100$

$\Rightarrow 18CP=100CP-28700$

$\Rightarrow 82CP=28700$

$\Rightarrow CP=350$

Hence, the cost price is $350$.

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