If an item is sold for $R s 560$ and at a loss of $R s 40$ , then CP of the item is ………………..…. .

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Solution

It is given that,
cost price of an item , $C P$ $=$ $?$
selling price of an item, $S P$ $=$ $R s 560$
loss on item, $l o s s$ $=$ $R s 40$
Note :
If the loss is occurred on selling an item, then the selling price of an item is less than the cost price of an item,
the selling price of an item is represented as $S P$ and cost price of an item is represented as $C P$
So, $l o s s$ $=$ $C P$ $-$ $S P$
Lets take,
$l o s s$ $=$ $C P$ $-$ $S P$
So, $C P = S P + l o s s$
$C P = R s 560 + R s 40$
$C P = R s 600$
Therefore,cost price of an item $C P$ is $R s 600$ .
Hence,the answer for given blank is $R s 600$ .

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