By selling a certain no.of goods for ₹5500, a shopkeeper loses equal to one tenth of their selling prize.
Find the:
a] Cost price of goods
b]Loss of %
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Answer:
S.P = Rs. 5,500
Loss = 1/10 of (S.P.) = 1/10 × 5500 = Rs. 550
(i) Loss incurred = Rs. 550
(ii) C.P = Rs. 5, 500 + Rs. 550 = Rs. 6,050
(iii) Loss% = (550 × 100)/6050 = (10 × 100)/110 = 100/11 = 9. 1/11%
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