Question

Find the cost price of an article, if its selling price is 3 697.50 and loss is 7%.​

Answer 1

Cost Price = ₹3975.8

Step-by-step explanation:

GIVEN

Selling Price = 3697.50

Loss Percent = 7%

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To Find

Cost Price

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We know that,

Cost Price = ( Selling Price × 100 ) / ( 100 - Loss Percent )

Cost Price = ( 3697.50 × 100 ) / ( 100 - 7 )

Cost Price = 369750 / 93

Cost Price = 3975.80645

Cost Price = ₹3975.8

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IMPORTANT

When profit percent is given

Cost Price = ( Selling Price × 100 ) / ( 100 + Profit Percent )

When loss percent is given

Cost Price = ( Selling Price × 100 ) / ( 100 - Loss Percent )