Question

An electric iron purchase for rs 1500 is sold at a loses of 3% find the loss and the selling price of the electric iron

Answer 1

Answer:

Loss - Rs 45

Selling price = Rs 1455

Step-by-step explanation:

Cost price = Rs 1500

Loss = 3%

3/100 x 1500 = 45

Selling price = 1500 - 45 = 1455

Note: If selling price is more than cost price, there is profit. If selling price is less than cost price, there is loss.