a farmer sells his product at a loss of 8% if his selling price is 27600 rupees what is his actual loss what is his cost price
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Answer:
★Loss = 8 %
★ Selling Price = 27600
★ Actual Loss
★ Cost Price
Let the cost price be N
So, Loss = N × 8%
Loss = N × 8/100
Loss = N × 2/25
★ Loss = 2N/25
We know that
★Cost Price=Selling
Price+Loss
Or, N = 27600 + 2N/25
Or, N - 2N/25 = 27600
Or, 25N-2N/25=27600
Or, 23N/25 = 27600
Or, 23N = 690000
Or, N = 690000/23
★N = 30000★
Then, Loss = 2N/25
Loss = (2 × 30000)/25
Loss = 60000/25
★ Loss = 2400 ★
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