Question

There is a loss of 8% on an article when sold for 460. What is its cost price?
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Answer 1

Answer:

sales price = 460

loss percentage = 8%

we know that,,,

cost price - loss percentage = 460

let the cost price be x

x - loss percentage = 460

x - 8%(x) = 460

x - 0.08x = 460

0.92x = 460

x = 460/0.92 = 500 is the cost price

hopes it helps you...