Saved Bookmarks
| 1. |
.If selling an article for ₹820 causes 10% loss on the selling price,then find itsb cost price. |
|
Answer» ution!! The concept of PROFIT and loss has to be used here. The selling price (SP) and loss percentage is given. We have to FIND the cost price (CP). Loss% = 10 Selling price (SP) = Rs 820 SP = CP × (100 - Loss%)/100 820 = CP × (100 - 10)/100 820 × 100 = CP × 90 82000 ÷ 90 = CP CP ≈ Rs 911.11 Hence, the cost price is Rs 911.11 More INFORMATION:-If SP>CP, then it is profit. If CP>SP, then it is loss. Profit = SP - CP Loss = CP - SP Profit% = (Profit/CP) × 100 Loss% = (Loss/CP) × 100 CP → Cost Price SP → Selling Price |
|