Question

A farmer sells his product at a loss of 8% . if his selling price is 27600, what is his actual loss? what is his cost price ​

Answer 1

Answer:

Step-by-step explaloss% = (CP-SP)/SP x 100

8/100 = (CP-276000)/CP

0.08 x CP=CP-27600

0.08CP - CP=-27600

-0.92CP=-27600

CP=-27600/0.92

CP=30000

LOSS=30000-27600=2400

Answer 2

Answer:

100-8=92%

92%=27600

1%=27600÷92

8%=(27600÷92)×8

= 2400 actual loss

cost price= 27600+2400= 28000