Question

A t.v is sold for ₹3300 cash down payment along with two equal yearly installment of ₹8470 each.if the dealer charges interest at 10% per annum compounded annually under instalment.find the cash price of t.v

Answer 1

Answer:

1. Cost Price and Selling Price

Cost price (CP) is the price at which an article is purchased.

Selling price (SP) is the price at which an article is sold.

2. Profit and Loss

If selling price is more than cost price, profit(gain) occurs.

If selling price is less than cost price, loss occurs.

In case of profit,

profit = selling price - cost price

selling price = cost price + profit

cost price = selling price - profit

In case of loss,

loss = cost price - selling price

selling price = cost price - loss

cost price = selling price + loss

3. Profit percentage and loss percentage

Profit percentage and loss percentage are always calculated on cost price unless otherwise stated.