Question

S.p=₹700, loss=20% find c.p​

Answer 1

Answer:

The cost price is ₹ 875.

Step-by-step explanation:

In context to questions asked

We have to determine the cost price,

Given that,

Selling Price = ₹ 700,

Loss % = 20%

The formula to be used for calculating C.P

=> $C.P = \frac{100}{100 - loss \%} \times C.P$

Now, plug the values in the formula:

=> $C.P = \frac{100}{100 - 20\%} \times 700$

Simplifying it further, we get

=> $C.P = \frac{100}{80} \times 700$

=> $C.P = \frac{5}{4} \times 700$

=> $C.P= 875$

Hence, the required C.P is ₹ 875.