Question

Find the cost price if SP= ₹500 and Loss= 15%

Answer 1

Answer:

As we know that,

Profit = Selling price − Cost price

⇒ Selling price = Cost price + Profit

Loss = Cost price − Selling price

⇒ Selling price = Cost price − Loss

Given:-

Cost price =Rs.500

Profit =Rs.82

Therefore,

Selling price =500+82=Rs.582

Again,

Given:-

Cost price =Rs.1270

Loss =Rs.13

Therefore,

Selling price =1270+13=Rs.1283