Find the selling price of an article which costs Rs 815 and is sold at a loss of Rs 163?
Answers
Answer:
It’s an easy one. Most of the question remain near to round figure generally. On selling the article there is a loss of 25% hence it is obvious value would be higher than 150. Let's take a round figure 200.
Now, 10% of 200= 20
20% of 200= 40 (Double of 20)
5% of 200= 10 (Half of 20)
25% of 200= 50
Hence, the cost price is 200, on selling for a loss of Rs. 50, 25% selling price becomes Rs. 150.
Now, by formula. The basic formula to solve this type of question are
100/100-Loss% =Cost Price/Selling Price
In the case of Profit, it is
100/100+Profit% = Cost Price/ Selling Price
On Putting values
100/100–25 = CP/150
100/75 = CP/150
4/3 * 150 =CP
4*50 =CP
200= CP
Hence, the cost price is Rs. 200.
Answer:
Cp=815
Loss=163
Sp= 815-163
Sp=652
Step-by-step explanation:
Hence the Sp is 652