Question

A man had a loss of 8 % when he sold his goods for Rs 920. How much did
he pay to purchase the goods?​

Answer 1

SP = 920

Loss % = 8%

Let CP be 100%

Then SP will be 92%

So 920 is 92%,

100% = (920/92) x 100

100% = 10 x 100

100% = 1000

He paid Rs 1000 to purchase the goods.

Answer 2

Answer:

The Cost Price of the goods was :-

➵ Rs 1,000.04

Step-by-step explanation:

Given:-

A man had a loss of 8% on selling the goods

He sold the goods for Rs 920

To find:-

The amount of money he paid to purchase that goods

Solution:-

The question has mentioned that a man sold a goods for Rs 920

On selling that goods he suffered a loss of 8%

We can easily find the cost price of the goods using the formula:-

⇶ CP = {100/(100-loss%)}×SP

• SP = Rs 920
• Loss = 8%

Applying formula:-

⇒ CP = {100/(100-8)}×920

⇒ CP = {100/92}×920

⇒ CP = 1.087 × 920

⇒ CP = 1,000.04

The CP we got is Rs 1,000.04

Answer:-

Hence, He paid Rs 1,000.04 to purchase that goods.

-: More Information :-

⇒ Loss = CP - SP

⇒ Profit = SP - CP

⇒ Loss % = (loss/CP)×100

⇒ Profit % = (profit/CP)×100

⇒ SP = {(loss+profit %)/100}×CP

⇒ CP = {100/(100-loss%)}×SP

⇒ CP = {100/(100+Profit%)}×SP