Question

An article was bought for Rs 250 and sold at a loss of 40%. Find its selling price. (step by step explanation please)

Answer 1

Solution:-

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➢ Here, the question has given us the cost price of the article and the loss made by a person that are Rs. 250 and 40% respectively. Now, the question has asked us to find the selling price of that article. So, to find the selling price we simply need to apply the formula of selling price when loss percent is given and we will get the selling price of that article.

ANSWER:-

☆ Selling price of the article is Rs. 150.

GIVEN:-

➝ Cost price of the article = Rs. 250

➝ Loss made by him = 40%

TO FIND:-

» Selling price of the article = ?

FORMULA:-

✠ SP when Loss Percent is given = (100 - Loss / 100)× CP

SOLVING BY APPLYING THE FORMULA:-

➝ Cost price of the article = Rs. 250

➝ Loss made by him = 40%

✠ SP when Loss Percent is given = (100 - Loss / 100)× CP

• Finding the selling price:-

⇾ Selling price = (100 - 40 / 100)× 250

⇾ Selling price = (60 / 100)× 250

⇾ Selling price = 60 × 250 / 100

⇾ Cancelling the zeros.

⇾ Selling price = 6 × 25 / 1

⇾ Selling price = 6 × 25

⇾ Selling price = 6 × 25 = 150

⇾ Selling price = Rs. 150

Hence, we got the answer. Selling price of the article is Rs. 150.

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• Profit = (SP > CP) = SP - CP
• Loss = (CP > SP) = CP - SP
• Profit% = (Profit × 100 / CP)%
• Loss% = (Loss × 100 / CP)%
• SP when Profit Percent is given = (100 + Profit % / 100)× CP
• CP when Profit Percent is given = (SP × 100 / 100 + Profit %)
• SP when Loss Percent is given = (100 - Loss / 100)× CP
• CP when Loss Percent is given = (SP × 100 / 100 - Loss)

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