An item was sold for Rs. 540 at a loss of 5%. What was its cost price.
Loss %=5%
C.P=100100−Loss%×S.P
=100100−5×540
=10095×540 [cancelling 540 and 95 by 5]
=10019×108
=Rs. 568.42
Hence, C.P was Rs. 568.42.
A television was sold at a loss of 5%. If it was sold for Rs. 2000 more the profit would have been 5%. What is the cost price of the television