A merchant sold 25 cap ₹ 9.90 per cap in this transaction he incurred a loss of ₹40what is the cost price of each cap ???
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Therefore the cost price of each cap is = ₹11.5
Step-by-step explanation:
Given, a merchant sold 25 cap ₹9.90 per cap in this transaction he incurred a loss of ₹40 .
The selling price of 25 cap is =₹(25×9.90)
=₹247.50
Therefore the cost price of 25 cap is =₹(247.50+40)
=₹287.50
Therefore the cost price of each cap is =₹(287.50÷25)
=₹11.5
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