A machine cost rs. 375. if it is sold at a loss at 20%, what will be its cost price as a percentage of its selling price
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Answer:
The cost price as a percentage of selling price will be Rs.125
Step-by-step explanation:
Given: C.P = 375
Loss = 20%
The selling price (S.P) = 375x80/100 = Rs. 300
The percentage of selling price = CP/SPx100 = 375/300x100= Rs. 125
This is a simple profit and loss question in which we computed the answer by applying a formula for the selling price and multiplies it to 100 to compute the percentage selling price.
We can solve all the other profit, loss questions which involve the calculation of selling price, in the similar manner.
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