Question

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

Answer 1

Answer:

₹ 500

Step-by-step explanation:

To find the cost price when selling price and loss percentage is given, use the below mentioned formula:

$\sf \boxed{Cost \ price =\dfrac{Selling \ Price *100}{(100 - loss \%)}}$

                  $\sf = \dfrac{415 * 100}{100-17}\\\\=\dfrac{415*100}{83}\\\\= 5 *100$

                  = ₹ 500