Question

A trader bought a tv set for birr 2000 and sold it a loss of 11/2 . what was the selling price.

Answer 1

Answer:

RS.1990

Step-by-step explanation:

CP of TV set=Rs 2000

loss=11/2%

11/2 can be also written as 5.5%

Now by using the formula

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

we can find the selling price

SP=(100-5.5)/100*2000

SP=(99.5)/100*2000

SP=Rs.1990