Question

A fruit vendor sold his entire lot of fruits at a loss of 8%. If his SP is ₹3,68,000. Find his CP

Answer 1

given S.P=3,68,000 Rs

Loss=8%

C.P.= (S.P.*100)/(100-L%)

=(3,68,000*100)/(100-8)

=(3,68,000*100)/92

=4,00,000

Hence C.P. of fruits is Rs. 4,00,000

Answer 2

Cost price of the entire lot of fruits is Rs. 400000.

• Selling price of the entire lot of fruits by the fruit vendor is Rs. 386000.
• He sold the entire lot at a loss of 8%.
• Loss = 0.08 × cost price
• We have to find the cost price of the entire lot of fruits.
• As it is a loss, the cost price must be greater then the selling price.
• Cost price = selling price + Loss
• Let the cost price of the entire lot be x.

Now , x = 386000 + 0.08x

0.92x = 386000

x = 400000

• Cost price is 400000.