A table is sold for Rs 570 at a loss of 5%, what is its coast price - Maths - Comparing Quantities

Question

A table is sold for Rs 570 at a loss of 5%, what is its coast
price ?

Aditya Nandy · Accepted Answer

Answer:
We know that the formula for Loss% = (CP - SP)/CP x 100 (Where
CP = Cost price and SP = Selling Price)
So :
Selling Price or SP of the table = Rs 570
Loss% = 5
Then:
Loss% = (CP - SP)/CP x 100
5 = (CP - 570)/CP x 100
5CP = 100CP - 57000
5CP - 100CP = - 57000
- 95CP = - 57000
CP = 57000/95 = Rs 600
Ans: Rs 600

A table is sold for Rs. 570 at a loss of 5%, what is its coast price ?