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Question

An item was sold for Rs. 540 at a loss of 5%. What was its cost price.

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Solution

Given: S.P =Rs. 540

Loss %=5%

C.P=100100Loss%×S.P

=1001005×540

=10095×540 [cancelling 540 and 95 by 5]

=10019×108

=Rs. 568.42

Hence, C.P was Rs. 568.42.


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