how to find C. P when S. P 500 and loss 15%
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Required Answer:-
Given:
- Selling Price (S.P) = ₹500
- Loss Percentage = 15%
To Find:
- Cost Price (C.P)
Solution:
Given,
→ S.P = ₹500.0
→ Loss Percentage = 15%
Let C.P be ₹x
As there is a loss, therefore,
→ CP > SP
→ Loss = CP - SP
Therefore,
→ Loss Percentage = Loss/CP × 100%
Substituting the values, we get,
→ 15 = (x - 500)/x × 100
→ 15x/100 = x - 500
→ x - 15x/100 = 500
→ 85x/100 = 500
→ x = 500 × 100/85
→ x = ₹10000/17
→ x = ₹588.23
→ Therefore, C.P = ₹588.23
Answer:
- Cost Price (C.P) = ₹588.23/-
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