babu sold his radio for rs 480 and therebyincurred a loss 20percent.find the cost price of radio
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•COST PRICE : The price at which a buyer purchases an article is called the cost price(CP) of the article for the buyer.
•SELLING PRICE : The price at which a seller sells an article is called the selling price(SP) of the article for the seller.
•LOSS : If the CP of an article is more than its SP, there is a loss for the seller (CP> SP).
SOLUTION :
GIVEN :
SP of a radio = ₹ 480
Loss = 20 %
CP = (SP × 100) / (100 - loss)
CP = (480 × 100) / (100 - 20)
CP = 48000 / 80
CP = ₹ 600
Hence, the cost price of the radio is ₹ 600.
HOPE THIS WILL HELP YOU...
•SELLING PRICE : The price at which a seller sells an article is called the selling price(SP) of the article for the seller.
•LOSS : If the CP of an article is more than its SP, there is a loss for the seller (CP> SP).
SOLUTION :
GIVEN :
SP of a radio = ₹ 480
Loss = 20 %
CP = (SP × 100) / (100 - loss)
CP = (480 × 100) / (100 - 20)
CP = 48000 / 80
CP = ₹ 600
Hence, the cost price of the radio is ₹ 600.
HOPE THIS WILL HELP YOU...
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