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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