Question 13 Marks
An item was sold for ₹ 540 at a loss of 5%. What was its cost price?
Answer
View full question & answer→Given, SP of an item = ₹ 540; Loss %= 5%
Let the CP of an item be ₹ x.
Then, loss=5% of CP of an item = $\frac{5}{100}$ $\times$$x=$ ₹ $\frac{5 x}{100}$
Now, SP=CP-Loss
$\therefore$ 540=$\left(x-\frac{5 x}{100}\right)$
$\Rightarrow$ 540 = $\left(\frac{100 x-5 x}{100}\right)$
$\Rightarrow$ 540 = $\frac{95 x}{100}$
$\Rightarrow 95 x=540 \times 100$
$\Rightarrow$ $x=\frac{540 \times 100}{95}$= ₹ $\frac{10800}{19}$
= ₹ $568 \frac{8}{19}$ or ₹ 568.42.
Hence, CP of an item is ₹ 568.42.
Let the CP of an item be ₹ x.
Then, loss=5% of CP of an item = $\frac{5}{100}$ $\times$$x=$ ₹ $\frac{5 x}{100}$
Now, SP=CP-Loss
$\therefore$ 540=$\left(x-\frac{5 x}{100}\right)$
$\Rightarrow$ 540 = $\left(\frac{100 x-5 x}{100}\right)$
$\Rightarrow$ 540 = $\frac{95 x}{100}$
$\Rightarrow 95 x=540 \times 100$
$\Rightarrow$ $x=\frac{540 \times 100}{95}$= ₹ $\frac{10800}{19}$
= ₹ $568 \frac{8}{19}$ or ₹ 568.42.
Hence, CP of an item is ₹ 568.42.

