10. Arjun sold a chair for ₹360 and suffers a loss of ₹150.
Find the cost price of the chair.
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♦Question:
Arjun sold a chair for ₹360 and suffers a loss of ₹150.
Find the cost price of the chair.
♦To find:
The cost price if the chair
♦Solution:
Arjun sold a chair for ₹360 and suffers a loss of ₹150.
We know that: by the word loss, Arjun bought the chair at a much greater price, so we must add the selling price and the loss to get the required cost price
:. the cost price of the chair= Rs ( 360+150)
= Rs 510
♦Verification:
Rs ( 510- 360)
= Rs 150
Hence verified,
Arjun bought it at Rs 510
♦ Answer: Rs 510
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