Question

ASpoon is sold at a loss of 47%. If it was sold at 200
Calculate the Cost Price

Answer 1

377.36(2decimal places)

Explanation:

Solution

First write down all known info about problem

Loss(L) percent:47%

Selling price(SP):200

Cost Price is unknown but CP percent equals 100%(basic percent b'cos it represents the basic cost of the item)

When at a loss, the CP is higher than the SP so subtract the L% from the CP% to get the SP percent...

∴SP% equals CP%-L%

100%-47%:53% ∴SP%:53%

We can simply cross multiply now by saying,

If 53% equals 200

∴100% equals a variable(x)

Cross multiplying,we get:

53x equals (200×100) so dividing both sides by 53,

x equals 377.36(2 decimal places)

Therefore, the CP is 377.36