a farmer sells his product at a loss of 8%. If his SP is ₹ 27600, what is his actual loss ?What is his cost price
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Let CP be 100Rs
Then loss= 8rs
SP= 100-8= 92Rs
If SP is rs 92 then CP= Rs100
If SP is rs 27600 then CP= Rs100/92 × 27600
=rs 30000
Actual Loss= Rs(30000-27600)= Rs2400
Then loss= 8rs
SP= 100-8= 92Rs
If SP is rs 92 then CP= Rs100
If SP is rs 27600 then CP= Rs100/92 × 27600
=rs 30000
Actual Loss= Rs(30000-27600)= Rs2400
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