Question

11. A shopkeeper sells an article at 320, thus suffering a loss of 20%. Find
price of the article.
profit of 16%. What is it​

Answer 1

Answer:

YOUR ANSWER...........

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Answer 2

✓ Given

» Shopkeeper sold = 320 /-

» Loss percentage = 20 %

✓ To find

» Price of the article at a profit of 16%

✓ Solution

Let the cost price be CP

» Loss = 20 %

» Selling price SP = 320 / -

Loss = Cost price - Selling price

Loss = CP - 320

$\bf \: loss = \frac{loss}{cp} \times 100$

$\frac{cp - 320}{cp} \times 100 = 20$

$1 - \frac{320}{cp} = \frac{1}{5}$

$\frac{cp - 320}{cp} = \frac{1}{5}$

$5cp - 1600 = cp$

$4cp = 1600$

$\therefore \: cp = 400$

Hence the cost price of the article is 400.

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