Article Cost Price Calculation
This solution explains how to find the original Cost Price (CP) of an article given its Selling Price (SP) and the percentage loss incurred.
Problem Details
- Selling Price (SP): ₹945
- Loss Percentage: 10%
- Objective: Determine the Cost Price (CP)
Cost Price Formula
We use the formula that relates SP, CP, and Loss Percentage:
\(SP = CP \times (1 - \frac{Loss\%}{100})\)
Calculate Cost Price Step-by-Step
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Input the given values into the formula:
\(₹945 = CP \times (1 - \frac{10}{100})\)
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Simplify the calculation term:
\(₹945 = CP \times (1 - 0.10)\)
\(₹945 = CP \times 0.90\)
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Isolate CP by dividing the SP by the factor:
\(CP = \frac{₹945}{0.90}\)
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Perform the division to find the Cost Price:
\(CP = ₹1,050\)
Final Cost Price
Therefore, the Cost Price of the article was ₹1,050.
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