Question

5. An article was bought for Rs 400 and sold at 5% loss.Find the selling price of the article.​

Answer 1

Answer : first we find out the 5% of 400 by

5/100×400 = 20

so, we subtract 20 from 400

so answer will be 380.

Answer 2

Answer:

Given :

• Article was bought for = Rs. 400
• Sold at the gain of = Rs. 20%

To find :

Its selling price

Solution :

• Cost Price = Rs. 400

• Gain = 20%

• Selling Price = ??

The Selling Price will be more than its Cost Price as there was a gain occured.

$\sf \green\bigstar \green{Formula \: used} :$

$\boxed{ \sf \pink{SP = \frac{(100 + profits\%)}{100} \times \: CP }}$

$\sf \implies{SP = \frac{100 + 20}{100} \times 200 }$

$\sf \implies{SP = \frac{120}{100} \times 200 }$

$\sf \implies{SP = 120 \times 2}$

$\sf \implies \blue{SP = 240}$

Hence,

The selling price of the article is RS.240