By selling a toaster for Rs 552 , a shopkeeper loses 8% .Find its cost price.
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Answer:
sp = rs 552
L%= 8%
cp = l + sp
L% = (l /cp)*100
8% = (l/(l + sp))*100
8*(l + 552) = 100l
8l + 4416 = 100l
4416 = 100l - 8l
4416 = 92l
l = 4416/92
l = 48
.°. cp = l + sp
cp = 48 + 552
cp = Rs.600
.°. The cost price is Rs.600
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