Question

A car that costs $78,400 is sold at a loss of 6% of the cost price. Find its selling price.

Answer 1

$\Large{\underline{\underline{\mathfrak{\bf{\red{Solution}}}}}}$

$\Large{\underline{\mathfrak{\bf{\orange{Given}}}}}$

• Cost price of car = $ 78,400
• Lose in percentage = 6%

$\Large{\underline{\mathfrak{\bf{\orange{Find}}}}}$

• Selling price of car

$\Large{\underline{\underline{\mathfrak{\bf{\red{Explanation}}}}}}$

Using Formula

$\small\boxed{\tt{\green{\:Lose\%\:=\:\dfrac{Lose\times100}{Cost\:price}}}}$

So, Keep all above values

➠ Lose % = Lose × 100/78,400

➠ 6 = Lose × 100/78,400

➠ Lose = 6 × 78,400/100

➠ Lose = 6 × 784

➠ Lose = $ 4704

________________________

But, we know,

$\small\boxed{\tt{\green{\:Selling\:price\:=\:Cost\:price\:-\:Lose}}}$

So,

➠ Selling price = 78,400 - 4704

➠ Selling price = $ 73,696

______________________

$\Large{\underline{\underline{\mathfrak{\bf{\red{Hence}}}}}}$

• Selling price of Car will be = $ 73,696

_____________