Question

john sold his tv for 14100 lossing 6%.For how much ​

Answer 1

$\underline{\textbf{QUESTION :-}}$

John sold his tv for 14100 losing 6%.Find CP

$\underline{\textbf{ANSWER:-}}$

Given    : SP of the TV=14100 ,Loss %-6%

To Find : CP

SP of TV set = Rs. 14100

Loss percentage = 6%

CP = 100 * SP / (100-loss%)

CP = 100 * 14100/100-6

CP = 100 * 14100 / 9

= 100 * 150

=Rs 15000

$\boxed{\textsf{Rs 15000}}$

$\boxed{\boxed{\textsf{EXTRA\:INFORMATION}}}$

Profit(P)

The amount gained by selling a product with more than its cost price.

Loss(L)

The amount the seller incurs after selling the product less than its cost price, is mentioned as a loss.

Cost Price (CP)

The amount paid for a product or commodity to purchase it is called a cost price. Also, denoted as CP. This cost price is further classified into two different categories:

• Fixed Cost: The fixed cost is constant, it doesn’t vary under any circumstances

• Variable Cost: It could vary depending as per the number of units.

Selling Price (SP)

The amount for which the product is sold is called Selling Price. It is usually denoted as SP. Also, sometimes called a sale price.

Marked Price Formula (MP)

This is basically labelled by shopkeepers to offer a discount to the customers in such a way that,

Discount = Marked Price – Selling Price

And Discount Percentage =$\frac {Discount}{Marked \:price}}\times 100$

Profit or Gain = Selling price – Cost Price

Loss = Cost Price – Selling Price

Some Important Formulas

• Profit,$\textsc{P = SP - CP}$ when  SP>CP

• Loss,$\textsc{ L = CP - SP}$  when CP>SP

• $P\% =\frac{P}{CP}} \times 100$

• $L\% =\frac{L}{CP}} \times 100$

• $SP = \frac{(100 + P\%)}{100}} \times CP$

• $SP = \frac{(100 + L\%)}{100}} \times CP$

• $CP =\frac {100}{(100 + P\%)}} \times SP$

• $CP =\frac {100}{(100-L\%)}} \times SP$

• $\textsc{Discount = MP - SP}$

• $\textsc{SP = MP -Discount}$

• For false weight, profit percentage will be $P \%$$= \frac{True\: weight\: - \: false \: weight} {false\: weight}} \times 100.$

• When there are two successful profits say $m\%$ and $n\%$, then the net percentage profit equals to$\frac{(m+n+mn)}{100}}$

• When the profit is $m\%$ and loss is $n\%$, then the net $\%$ profit or loss will be: $\frac{(m-n-mn)}{100}}$

• If a product is sold at $m\%$ profit and then again sold at $n\%$ profit then the actual cost price of the product will be:$CP =\frac {100 \times100 \times P} {(100+m)(100+n).}}$ In case of loss,$CP =\frac {100 \times100 \times P} {(100-m)(100-n).}}$

• If$P\%$ and$L\%$are equal then, $P = L$ and $\% loss = \frac{P2}{100}}$

Answer 2

Answer:

SP of the TV = Rs 14,100

Loss% = 6%

CP = ?

[Consider the CP as Rs 100, so SP = 100-6 = Rs 94]

If SP = Rs 94 , CP = Rs 100

If SP = Rs 1, CP = Rs 100/94

If SP = Rs 14,100, CP = Rs 100/94 x 14,100

CP = Rs 15,000

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