Question

A trade bought a pen drive for Rs460 and sold it at 5% profit. (i) Find the loss amount. (ii) Find the selling price of the item.

Answer 1

Answer:

Given:-

CP = 460

P= 5%

SP= 5% x 460

= 23

SP here = CP

P = 460 + 23

= 473

hope it helps you

Answer 2

Correct Question

A trader bought a pen drive for ₹460 and sold is at a loss of 5%.

(i) Find the loss amount.

(ii) Find the selling price of the pen drive.

Answer

Given :

Cost price of a pen drive : ₹460

Loss percent of the pen drive : 5%

To find :

The loss amount and the selling price of the pen drive.

Solution :

First, we'll find the loss amount of the pen drive.

Loss amount of pen drive :

$\sf \dashrightarrow 5\% \: of \: 460$

$\sf \dashrightarrow \dfrac{5}{100} \times 460$

$\sf \dashrightarrow \dfrac{1}{20} \times 460$

$\sf \dashrightarrow \dfrac{1 \times 460}{20} = \dfrac{460}{20}$

$\sf \dashrightarrow \cancel \dfrac{460}{20} = 23$

Now, let's find the selling price of the pen drive.

Selling price of pen drive :

$\sf \dashrightarrow \dfrac{(100 - Loss\%)}{100} \times CP$

$\sf \dashrightarrow \dfrac{(100 - 5)}{100} \times 460$

$\sf \dashrightarrow \dfrac{95}{100} \times 460$

$\sf \dashrightarrow \dfrac{19}{20} \times 460$

$\sf \dashrightarrow \dfrac{19 \times 460}{20} = \dfrac{8740}{20}$

$\sf \dashrightarrow \cancel \dfrac{8740}{20} = 437$

Hence, the loss amount and the selling price of the pen drive is ₹23 and ₹437 respectively.