Question

a farmer sells his products at a loss of 8%. If his S.P was Rs.27600, what was his actual loss. what was his cost price?

Answer 1

let C.P. be x
A.T.Q
x-x8/100=27600
or,92x/100=27600
x=2760000/92
or, x=30,000
cost price - 30,000

Answer 2

Given
Sp=Rs27600
loss=l=8%
Cp= Rs x
x=(sp×100)/(100-l)
=(27600×100)/(100-8)
=(27600×100)/92
=Rs30000
Cost price =Rs 30000
Actual loss = cp-sp
=30000-27600
=Rs2400