Question

By selling a certain number of goods for 5,500; a shopkeeper loses equal to one- tenth of their selling price. Find : (i) the loss incured.
(ii) the cost price of the goods.
(iii) the loss as percent.​

Answer 1

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%