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  • An item was sold for Rs 540 at a loss of 5%. What was its cost price?

   An item was sold for Rs 540 at a loss of 5%. What was its cost price?

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best_answer

We have,
SP = Rs 540
Loss = 5%
CP =?

Therefore, 
SP = CP(1-\frac{loss\%}{100})
put the values in the above equation, we get

\\\Rightarrow 540 = CP(1-\frac{5}{100})\\ \Rightarrow540 = CP\times \frac{19}{20}

\Rightarrow CP = \frac{540 \times 20}{19} = Rs\ 568.42

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manish

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