Question

A book was bought for Rs. 850 at a loss of Rs. 180. Find the selling
price if the book

Answer 1

As per the data given in the question,

In the above question, it is given that,

The loss of Rs. 180

The cost price is Rs.850

Here we have to find the selling price.

We have to use the formula of profit.

Loss =S.P - C.P

S.P=C.P-Loss

 Substituting the value in the above formula we get,

Therefore the Selling Price,

$S.P=850-180\\S.P=670$

Hence the selling price is Rs.670

Answer 2

As per the data given in the question,

We have to determine the value of selling price of the books.

As we know that,

Cost price of any item is that particular price on which the item is purchased, while the selling price of the item is that particular item on which the item is sold.

As we know that,

If SP of the item is greater than CP, then there will be profit in that case.

If CP of the item is greater than SP then there will be loss in that case.

So, from question,

We have,

CP = Rs. 850

Loss = Rs. 180

So, formula for finding SP will be,

$SP = CP - Loss\\=>SP = 850-180\\=>SP = Rs. \:670$

Hence, value of SP of the book will be Rs. 670.