If an item is sold at $R s 602$ and at a loss of $14 %$ , then its $C P$ $=$ …………

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Solution

Given ,
Selling price of the item, $S P$ $=$ $R s 602$
loss per cent , $l o s s %$ $=$ $14 %$
Cost price of the item, $C P$ $=$ $. . . . . . . . . . . . . . .$
Note :
We have the formula to find $C P$ , When $S P$ and $l o s s %$ is given ,
i.e. $C P$ $=$ $\frac{100}{100 - l o s s %} \times S P$ .
So,
$C P$ $=$ $\frac{100}{100 - 14} \times 602$
$C P$ $=$ $\frac{100}{86} \times 602$
$C P$ $=$ $\frac{60200}{86}$ ( divide $60200$ by $86$ , we get $700$ )
$C P$ $=$ $700$ .
Therefore, the answer for the given blank is $R s 700$ .

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