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An item was sold for ₹540. At a loss of5%.What was its cost price?
Verified Answer
An item was sold for ₹540. At a loss of5%.What was its cost price?
Given:
S.P= ₹ 540, loss%=5%
Let the Cost price = C.P
Loss% =( loss/C.P) x 100
Loss% =( (CP- SP)/CP ) x 100
5 =( (CP - 540)/CP ) x 100
5/100 = ( (CP - 540)/CP ) 
1/20 = ( (CP - 540)/CP ) 
CP = 20 (CP - 540)
20 = 20CP - 10800
20CP - CP = 10800
19CP = 10800
CP = 10800/19
CP =₹ 568.42
Hence, the cost price of an item = ₹ 568.42


This question is part of UPSC exam. View all Class 7 courses
Most Upvoted Answer
An item was sold for ₹540. At a loss of5%.What was its cost price?
CP- 100*SP
100-LOSS%

100*540
100-5

54000
95

568•42105
Community Answer
An item was sold for ₹540. At a loss of5%.What was its cost price?
Cp = sp - loss
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An item was sold for ₹540. At a loss of5%.What was its cost price?
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