Question

Find the cost price of an article, which when sold for 460 incurs a loss of 8%.​

Answer 1

Answer:

Step-by-step explanation:

sales price = 460

loss percentage = 8%

we know that,,,

cost price - loss percentage = 460

let the cost price be x

x - loss percentage = 460

x - 8%(x) = 460

x - 0.08x = 460

0.92x = 460

x = 460/0.92 = 500 is the cost price

Answer 2

Answer:

500 Rs.

Step-by-step explanation:

let cp = x

∴ 8% of x = 2x/25

∵sp = 460

⇒ x-2x/25 = 460

∴x= 500 Rs.

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