Question

By selling an article, a loss of 19 % is incurred. If the difference between its cost price and selling price is 380, then find the C.P., the S.P., and the loss amount of the article.
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Answer 1

Answer:

Cost price (CP) = Rs. 1200

∴ SP = \frac{5}{4}\ of\ CP=\frac{5}{4}\times1200=Rs.1500

4

5

of CP=

4

5

×1200=Rs.1500

∴ Gain = SP - CP = 1500 - 1200 = Rs. 300

∴ Gain % = \frac{gain\times100}{CP}=\frac{300\times100}{1200}=25\%

CP

gain×100

=

1200

300×100

=25%