Question

A farmer sells product at loss of 8%. if his sp 27600 what is his actual loss and his cost price

Answer 1

loss% = (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=2400Rs

Answer 2

SP = 27600
loss = 8%
CP = ?
loss = ?

loss% = (CP-SP)/SP ×100
⇒ 8/100 = (CP-27600)/CP
⇒ 0.08×CP = CP - 27600
⇒ 0.08CP - CP = -27600
⇒ -0.92CP = -27600
⇒ CP = 27600/0.92
⇒ CP = Rs. 30000

Actual loss = 30000 - 27600 = Rs. 2400