Question

Del sells his. Goods for £38 making a 5% loss how much did he pay for the good when he bought them

Answer 1

Del paid £40 for the goods.

Explanation:

It is given that:

Selling price of goods = £38

Loss = 5%

It means that,

Selling price = (100-5)% = 95%

Let,

x be the buying price.

95% of x = 38

`(95)/(100)x=38\\\\0.95x=38`

Dividing both sides by 0.95x

`(0.95x)/(0.95)=(38)/(0.95)\\x=40`

Therefore,

Del paid £40 for the goods.