Question

2
By selling an article for 2720 a shopkeeper
Suffered a loss of 15% · find the cost price of the
auticle.​

Answer 1

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Answer 2

Solution!!

The selling price (SP) of the article is given. The loss in percent is also given. We have to find the cost price (CP) of the article.

Loss% = ((CP - SP)/CP) × 100

15 = ((CP - 2720)/CP) × 100

15 ÷ 100 = (CP - 2720)/CP

0.15 = (CP - 2720)/CP

0.15 CP = CP - 2720

2720 = CP - 0.15 CP

2720 = 0.85 CP

2720 ÷ 0.85 = CP

CP = Rs 3200

Verification:-

CP = Rs 3200

SP = Rs 2720

CP>SP

Loss = CP - SP

Loss = Rs 3200 - Rs 2720

Loss = Rs 480

Loss% = (Loss/CP) × 100

Loss% = (480/3200) × 100

Loss% = 15

Hence, verified.