Question

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

Answer 1

₹ 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