Question

If the selling price is Rs.840 and there is a 30% loss, what will be the cost price?​

Answer 1

Answer:

x =8400/7 is the answer

Step-by-step explanation:

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Answer 2

Answer:

Step-by-step explanation:

Given:

MP of the article = Rs 840

Discount, (D) = 15%

Profit, (P) = 19%

Formula used:

Selling price, (SP) = Marked price × (100 – D%)/100

Cost price, (CP) = (Selling price × 100)/(100 + P%)

Concept used:

The discount is given on the marked price

Calculation:

SP = Marked price × (100 – D%)/100

⇒ 840 × (100 - 15)/100

⇒ 840 × (85)/100

⇒ 714

Now, CP = (Selling price × 100)/(100 + P%)

⇒ (714 × 100)/(100 + 19)

⇒ (714 × 100)/(119)

⇒ 600

∴ The cost price of the article is Rs 600