A TV set is sold for ₹6800 at a loss of 15%. find: the cost price of the TV set.
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Answer:
Rs. 8960
Step-by-step explanation:
Loss = 15%
(i) ∴ C.P. = (S.P. × 100)/(100 – Loss%)
= Rs.(6800 ×100)/(100 – 15)
= Rs.(6800 ×100)/85
= Rs. 8000
(ii) In second case, gain = 12%
∴ S.P. = {C.P.(100 + gain%)}/100
= Rs. {8000(100 + 12)}/100
= Rs. (8000 × 112)/100
= Rs. 8960
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