Question

by selling an article for rupees 9000 a dealer of a loss for rupees 1000 what is the cost price of an article what is his percent​

Answer 1

Answer:

Selling price : Rs. 9000

Incurred loss : Rs. 1000

Therefore,

Cost price = selling price - loss incured

= 9000-1000

= 8000

Cost price = 8000

Now,

loss % = loss incurred/ cost price × 100

= 1000/8000 × 100

= 12.5%

Therefore the cost price is Rs.8000 and the loss incurred is 12.5%