Question

by selling an article for rupees 704; a person loses 12%. Find his cp price and the loss.

Answer 1

Let the cost price be Rs a

Selling price = Cost price - Loss

=> 704 = a - 12% of a

=> 704 = a - 12a/100

=> 704 = 88a/100

=> a = 70400 /88

=> a = 800

Cost price = Rs 800

Loss = 12 % of 800

= 12 × 800 /100

= 12 × 8

= Rs 96

Answer 2

Given selling price of an article = 704.

Given loss = 12%.

--------------------------------------------------------------------------------------------------------

Now,

We know that cost price = (100)/(100 - Loss%) * Selling price

= [(100)/(100 - 12)] * 704

= (100/88) * 704

= 70400/88

= 800.

---------------------------------------------------------------------------------------------------------

We know that Loss = Selling price - Cost price

= 800 - 704

= 96.

Hope this helps!