Question

A camera when sold for Rs 1674/- resulted in loss of 7%, what was cost price of the camera?

Answer 1

Heyyy!

sp= 1674, a loss
loss%=7%
cp= sp+ loss% × sp

7% of 1674= 7/100 × 1674= 117.18
CP= 1674+117.8
=1791.18

Hope it helped u....

Answer 2

The cost price of the camera is Rs. 1800.

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Let's understand a few concepts:

What is the cost price?

The cost price is the original price of items or goods at which it is bought by the retailer.

What is the selling price?

The selling price is the price of items or goods at which it is sold to the customer.

What is profit?

A profit usually occurs in the transaction when the selling price of the item is more than the cost price of the item.

What is loss?

A loss usually occurs in the transaction when the cost price of the item is more than the selling price of the item.

How to calculate the cost price of an item?

We will use the following formula to calculate the cost price of an item:

$\boxed{\bold{C.P. = \frac{100}{100 - L\%} \times S.P.}}$

$\boxed{\bold{C.P. = \frac{100}{100 + G\%} \times S.P.}}$

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Let's solve the given problem:

The S.P. of the camera = Rs. 1674

The loss percentage = 7%

Therefore, we get

The C.P. of the camera was,

= $\frac{100}{100 - L\%} \times S.P.$

= $\frac{100}{100 - 7} \times 1674$

= $\frac{100}{93} \times 1674$

= $100 \times 18$

= $\bold{Rs.\:1800}$

Thus, the cost price of the camera is Rs. 1800.

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