Question

If an article is sold for Rs 34.80, there is loss of 2% what is the cost price of the article?
please help please

Answer 1

Given that:

• An article is sold for Rs. 34.80.
• There is a loss of 2%.

To Find:

• What is the cost price of an article?

Formula used:

• CP = (SP × 100)/(100 - loss%)

Where,

• SP = Selling price
• CP = Cost price

Finding the cost price of an article:

ㅤ↠ㅤCP = (34.80 × 100)/(100 - 2)

ㅤ↠ㅤCP = 3480/98

ㅤ↠ㅤCP = 35 25⁄49 ≈ 35.5

Hence,

• The cost price of an article is Rs. 35.50.

Answer 2

Question -:

If an article is sold for ₹ 34.80, there is loss of 2% what is the cost price of the article?

Explanation -:

$\large \orange{ \underline{ \underline{ \bf{\frak{ Given}}}}}$

• Selling price (SP) of the article = ₹34.80
• Loss% = 2%

$\large \purple{ \underline{ \underline{\bf \frak{ Need \: to \: find}}}}$

• Cost price (CP) of the article

$\large \pink{ \underline{ \underline{\bf \frak{ Solution}}}}$

We know,

$\blue{ \small\star} \: \small \orange{ \boxed{\rm \blue{ CP = \dfrac{100}{(100 - loss\%)} × SP}}}$

Substituting the values we get,

$\small\bf CP = \dfrac{100}{(100 - 2)} × 34.80$

$\small\rm{ CP = \dfrac{100 \times 34.80}{98}}$

$\small \rm{CP = \dfrac{3480}{98} \approx35.51 }$

Cost price of the article is ₹35.51

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