Question

By purchasing a t.v set for RS.3250,a shopkeeper loses 20% find the cost price of the article.​

Answer 1

Answer:

The cost price of the T.V. set was Rs. 4062.50.

Step-by-step explanation:

The formula to compute the selling price of an article when there is a loss involved is:

$SP=CP[1-\frac{Loss}{100}]$

Given:

Sp = Rs. 3250

Loss% = 20%

Compute the cost price as follows:

$SP=CP[1-\frac{Loss}{100}]\\3250=CP[1-\frac{20}{100}]\\ 3250=0.80CP\\CP=\frac{3250}{0.80}\\ =4062.50$

Thus, the cost price of the T.V. set was Rs. 4062.50.