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

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

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

  1. 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

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