Answer:
377.36(2decimal places)
Step-by-step 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
