Question

A man sold an article for Rs 6,270 and lost at 20% by selling it . find the cost price of that item

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Answer 1

Answer:

Answer in the attachment

Answer 2

Answer:

QᏌᎬᏚᎢᏆᎾN

✭A man sold an article for ₹6,270 and lost at 20% by selling it. Find the cost price of that item.

$\pink{Answer:-}$

✭Cost price of the item =₹7,838

$\pink{Given:-}$

✭Selling price of that item and loss on that item is ₹6,270 and ₹20 respectively.

$\pink{To\:calculate:-}$

✭Cost price of the item

Step by step explanation:-

Cost price of the item = $\frac{SP×100}{100 – percentage loss}$

= $\frac{6,270×100}{100 – 20}$

= $\frac{6,27,000}{80}$

= ₹7,838

$\bf\underline{\underline{\blue{Extra\:Formulae:-}}}$

✭Profit or Gain = Selling price – Cost Price

✭ Loss = Cost Price – Selling Price

✭Profit percentage = (Profit /Cost Price) x 100

✭ Loss percentage = (Loss / Cost price) x 100

✭ This is in case of loss:-

✭ Cost Price = $\frac{SP×100}{100 – percentage loss}$

✭ This is in case of profit:-

✭ Cost Price = $\frac{SP×100}{100 + percentage profit}$

✭This is in case of loss:-

✭Selling Price = {(100 – Loss %)/100} x CP}

✭This is in case of profit:-

✭Selling Price = {(100 + Gain %)/100} x CP}

$\bf\underline{\underline{\orange{Extra\: Information:-}}}$

${\blue{\sf\underline{Selling\:Price:-}}}$

✭ The amount earned by selling the product is called selling price.

${\blue{\sf\underline{Cost\:Price:-}}}$

✭ The amount given to the buyer by the owner of the product is called cost price.

${\blue{\sf\underline{Profit:-}}}$

✭ The amount gained by selling the product is called profit.

${\blue{\sf\underline{Loss:-}}}$

✭ The amount losed by selling the product is called loss.

$\large\bold\color{red}{\underline\color{lightgreen}{Hope \: \: it \: \: helps \: \: uh \: \: ♡}}$