Question

Determine C.P. if : S.P = Rs. 475 and Loss = 37%. ​

Answer 1

Given,

S.P. (selling price)= Rs. 475

Loss = 37%

To find,

C.P. (cost price)

Solution,

Let us assume the c.p. = A

As we know that in case of loss:

SP = CP - CP * Profit /100

Therefore, we can say that

475 = A - A *37/100

or, 475 = (100-37) A/100

or, 475 = 63A/100

or, A = 475 * 100 / 63

or, A = 47500/63 = 738.095

Hence, the Cost price (C.P.) is Rs. 738.095

Answer 2

Step-by-step explanation:

Cost price of article = Rs. 15,500

Cost of repair = Rs. 450

∴ Total cost of article = Rs. (15500+450) = Rs. 15,950

Profit on selling article =15%

∴ Profit (Rs.) =

100

15

×15,950=2392.5

Selling Price = Cost Price + Profit

∴ Selling Price = 15950+2392.5=Rs.18342.5