Question

Find the cost price of a mixer which was sold for ru 2520 at a loss of 5%.

Answer 1

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Let the CP of the article be ₹x.

SP = ₹2520

Loss % (r) = 5%

SP = (1 - r/100) * CP

₹2520 = (1 - 5/100) * CP

CP = ₹2520 × 100 /95

= ₹ 2652.63