Question

2) A
A farmer sell his produce at a lose of 8%. If his selling
price was rs.26600, what was his actual loss? What
his cost price?​

Answer 1

Answer:

First Finding the Cost Price ( CP) -

$\frac{100 \times sp}{100 - loss\%} = \frac{100 \times 26600}{100 - 8} \\ \\ = \frac{2660000}{98} = 27,142.8571$

At last finding the Actual Loss -

$\frac{loss\%}{100} \times cp = \frac{8}{100} \times 27142.8571 \\ \\ = \frac{217,142.857}{100} = 2,171.42857$