if the s.p of a sofa is ₹7000 and the loss is 12 1/2% . Find the c.p
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Given,
To find out loss or gain % where, C.P=Rs. 60 & loss =12
2
1
%
as we know that,
Selling price (S.P)=Costprice(C.P)×[
(100)
100−Loss%
]
So, here we get,
S.P=60×[
100
100−121/2
]
=60×[
100
100−12.5
]
=60×
100
87.5
⇒3×17.5
⇒52.5 Rs
⇒ S.P=52.5
∴ Loss =7.5% on the cost price, as we got selling price as 52.5 Rs.
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