An article was sold for Rs. 415 at a loss of 17%. What would have been the cost price?

Hayk Martiros asked Sep 2, 2023

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Hayk Martiros asked Sep 2, 2023

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10 votes

Answer:

₹ 500

Explanation:

To find the cost price when selling price and loss percentage is given, use the below mentioned formula:

$\sf \boxed{Cost \ price =(Selling \ Price *100)/((100 - loss \%))}$

$\sf = (415 * 100)/(100-17)\\\\=(415*100)/(83)\\\\= 5 *100$

= ₹ 500

Montserrat answered Sep 8, 2023

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