An item was sold for ₹540 at a loss of 5% .if the cost price was ₹568 how to cross check it again

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Answer:PLEASE FOLLOW THOSE STEPS TO CROSS CHECK IT!

Step-by-step explanation:S.P= ₹ 540, loss%=5%

Let the Cost price = C.P

Loss% =( loss/C.P) × 100

Loss% =( (CP- SP)/CP ) × 100

5 =( (CP – 540)/CP ) × 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