Question

how do you work out the selling price of an item that was bought for 1900 and got a loss of $50​

Answer 1

Answer:

the selling price is Rs.1950

Step-by-step explanation:

As you know, selling price (SP) is the amount of money with which we sell an object and cost price (CP) is the amount of money we buy it with.

Loss is when the CP is higher than the SP

Profit is when the CP is higher than the SP

Here are some formulas:

LOSS = CP - SP

PROFIT = SP - CP

SP = CP + Profit

CP = SP - Profit

SP = CP + Loss

CP = SP - Loss

So, if the CP is 1900 and the loss is 50, then SP = 1900 + 50

Which is = 1950