Question

Find the cost price if : 1) S.P. = $ 475 loss = 5%

Answer 1

sp=475
l%=5%
cp=100-p/sp×100
47500/95
500
@_@ ^!^

Answer 2

Let the CP be x

SP = $475

Loss = 5%

As, SP = CP - Loss

So, 475 = x - (5x/100) = x - (x/20) = 19x/20

So, 19x/20 = 475

So, 19x = 475*20 = 9500

So, x = 9500/19 = 500

Therefore, Answer: The CP is of $500

Verifying our answer,

SP = 500 - (5/100 * 500)

So, 475 = 500 - 25

Therefore, 475 = 475

Hence, Verified

Hope it helps!

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