Question

A musical instrument was sold for 50,000 at a loss of 10% of the cost price. What is the cost
price?​

Answer 1

Answer:

Cp=100*sp/100-loss

100*50000/100-10

5000000/90

55555.5556

Answer 2

Step-by-step explanation:

$\large\bf\red{Profit}$

The financial gain or gain in money is called as Profit

$\large\bf\red{Loss}$

The losing of money or a financial loss is called as loss.

$\large\bf\red{Given}$

Selling Price = 50,000

Loss = 10%

Cost price = ?

To find the cost price,

We know that Cost price (CP) = (SP × 100) / (100 – loss persent)

Cost price (CP) = (SP × 100) / (100 – loss persent)

∴ Cost price (CP) = (50000 × 100) / 100 - 10)

∴ Cost price (CP) = 5,000,000 / 90

∴Cost price (CP) = 55,555.5556

∴Cost price (CP) = 55,555

$\large\bf\red{Cost\; price (CP) = 55,555}$