Question

A television set is purchased for ₹16,000 and sold at loss of 20%. Find the loss and the selling price.​

Answer 1

GIVEN :-

• Cost Price (CP) = ₹16,000

• Loss % = 20%

To FIND :-

• Loss

• Selling price

SOLUTION :-

★ We have the loss and then

★ Subtract it from the CP to get the SP

★ We can also find the selling price directly

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STEP 1

Loss = 20% of CP = 20/100 × ₹16,000 = 3200

SP = CP - Loss = ₹16000 - ₹3200

• SP = ₹12800

STEP 2

SP = CP × ( 100 - Loss% / 100 )

SP = ₹16000 × ( 100 - 20 / 100 )

SP = ₹16000 × (80/100)

• SP = ₹12800

Answer 2

Answer:-

Given:

CP of a television = Rs. 16000

Loss% = 20%

We know that,

CP = ( 100/100 - loss% ) * SP

Hence,

⟶ 16000 = (100/100 - 20) * SP

⟶ 16000 = (100/80) * SP

⟶ 16000 * 80/100 = SP

⟶ Rs. 12,800 = SP

Now,

Loss = CP - SP

⟶ Loss = 16000 - 12800

⟶ Loss = Rs. 3200

Therefore,

• Selling price of the television is Rs. 12800
• Loss = Rs. 3200