Question

A trader bought a TV set for birr 2000 and sold it at a loss of 11% what was the selling price?

Answer 1

Given:

A trader bought a TV set for birr 2000 and sold it at a loss of 11%

To find:

What was the selling price?

Solution:

The cost price of the T.V. set = birr 2000

The loss percentage = 11%

We know the formula of the selling price is:

$\boxed{\bold{Selling \:Price = \frac{100 - Loss\%}{100} \times Cost\:Price }}$

Now,

By using the above formula and by substituting the given values of C.P. and Loss%, we get

$S.P. = \frac{100 - 11}{100} \times 2000$

$\implies S.P. = \frac{89}{100} \times 2000$

$\implies S.P. = 89 \times 20$

$\implies \bold{S.P. = birr\:1780}$

Thus, the selling price of the T.V. set was → birr 1780.

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