Question

if the selling price is reduced from rs 400 to rs 380 and the loss percent is 2 %, then find the cost price or cp

Answer 1

Answer:

₹ 1,000

Step-by-step explanation:

Given,

Selling price = ₹ 400

Reduced price = ₹ 380

Loss percent = 2%

Let the cost price of goods be = ₹x

From here we infer that a loss of ₹20 means a loss of 2%.

Hence,

2x/100 = 20

2x = 2,000

x = 1,000

Hence, the cost price of goods was ₹ 1,000.

Hope it helps you...