Question

If an artice is sold at 5000 and loss% =20 % find cost price

Answer 1

Answer:

If the selling price of an article is Rs 5000, and there was a loss of 20%, then the cost price is Rs 6250

Step-by-step explanation:

Given

The selling price of the article = Rs 5000

Loss percentage = 20%

Let us take x as the cost price of the article

Then,

Loss = cost price - selling price = x -5000

Loss percentage =(loss/cost price)*100

That is,

$20=\frac{x-5000}{x} *100\\\\20x = 100x -500000\\\\100x-20x = 500000\\\\80x =500000\\\\x=\frac{80}{500000} \\\\=6250$

So, the coat price is Rs 6250