by selling a notebook for 16.50 a shopkeeper loses 12% what is the cost price of notebook
Answers
Answered by
8
Selling Price = Rs 16.50
Find the Selling Price in percentage:
Loss = 12%
Selling Price = Cost Price - Loss
Selling Price = 100 - 12 = 88%
Find the Cost Price:
Selling Price = 88%
Selling Price = Rs 16.50
88% = 16.50
1% = 16.50 ÷ 88 = Rs 3/16
100% = 3/16 x 100 = Rs 18.75
Answer: The Cost Price is Rs 18.75
Similar questions