Answer:
[tex]SP = 1482[/tex]
Step-by-step explanation:
Given
[tex]CP = Rs. 1560[/tex] --- Cost Price
[tex]Loss = 5\%[/tex]
Required
Determine the selling price (SP)
This is calculated using:
[tex]\%Loss =\frac{CP - SP}{CP} * 100\%[/tex]
So, we have:
[tex]5\% = \frac{1560 - SP}{1560} * 100\%[/tex]
[tex]5 = \frac{1560 - SP}{1560} * 100[/tex]
Multiply through by 1560
[tex]1560 * 5 = \frac{1560 - SP}{1560} * 100*1560[/tex]
[tex]1560 * 5 = (1560 - SP) * 100[/tex]
[tex]1560 * 5 = 1560 * 100- SP * 100[/tex]
[tex]7800 = 156000- 100SP[/tex]
Collect Like Terms
[tex]100SP= 156000- 7800[/tex]
[tex]100SP= 148200[/tex]
Make SP the subject
[tex]SP = \frac{148200}{100}[/tex]
[tex]SP = 1482[/tex]
The selling price is Rs. 1482
