Answer:
£54.65
Explanation:
Del sells his goods for £54.60 making a 9% loss how much did he pay for the good when he bought them?
We are to find the cost price.
Loss = Cost price - Selling price
Percentage loss =
(Cost price - Selling price/Cost price) × 100
Percentage loss = 9% = 0.09
Selling price = £54.60
Cost price = x
Hence:
0.09 = x - £54.60/x × 100
0.09 = 100(x - £54.60)/x
Cross Multiply
0.09x = 100(x - £54.60)
0.09x = 100x - 5460
100x - 0.09x = 5450
99.91x = 54.50
x = 5460 / 99.91
x = 54.649184266
Approximately, x = £54.65
Therefore, the cost price = £54.65