Question

a farmer sells his product at a loss of 8%. if his sell price is Rupees to 27600, what is his actual loss? What is his cost price

Answer 1

$cp = \binom{100 \times sp}{100 - loss\%} = \binom{100 \times 27600}{92} = 30000$

Answer 2

let CP be x
SP=(1-8/100)*x=92/100x
now according to the question
92x/100=27600
=>x=27600*100/92=Rs.30000
loss=8%of 30000
=2400

hope it helps u!!!