A shopkeeper bought a chair for rs 375 and sold it for rs 400 find the gain percentage
Q2.cost of an item is rs 50 .it was sold with a profit of 12% find the selling price
Q3.an article was soldbfor rs 540 at a loss of 5%what was its cost price?
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Solution 1:-
Given:-
- Cost price of chair = 375 rupees
- Selling price of chair = 400 rupees
- Gain = Selling price - Cost price
- Gain = 400 - 375 = 25
Now:-
Gain % = Gain/Cost price × 100
Gain % = 25/375 × 100 = 6.67%
Answer 2 :-
Given:-
- Cost price of item = 50 rupees
- Profit % = 12%
Let:-
Selling price be x. Then,
=> 12 = x - 50/50 × 100
=> 12 = 2x - 100
=> 112 = 2x
=> 56 = x
Thus:-
Selling price is 56 rupees.
Answer 3:-
Given:-
- Selling price = 540 rupees
- Loss % = 5%
- Loss = Cost price - selling price
Let cost price be y. Then ,
=> Loss % = Loss / Cost price × 100
=> 5 = y - 540/540 × 100
=> 5 = (y - 540) × 5/27
=> 5 × 27 = 5(y - 540)
=> 27 = y - 540
=> 540 + 27 = y
=> 567 = y
Therefore:-
The cost price is 567 rupees.
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