Kavinthran buys some pencil boxes for rs35 each, and sells them at a loss of 15 percent. He sells each pencil box at rs what
Answers
Given data : Kavinthran buys some pencil boxes for Rs 35 each and sells them at a loss of 15 percent.
To find : Selling price of each pencil box ?
Solution :
According to given data,
- cost price of each pencil box = Rs 35
- selling price of each pencil box = ?
- loss % on pencil boxes = 15 %
To find out selling price of each pencil box we use formula of loss percentage.
⟹ loss % = [(cost price - selling price)/cost price] * 100
⟹ 15 = [(35 - selling price)/35] * 100
⟹ 15/100 = (35 - selling price)/35
⟹ 0.15 = (35 - selling price)/35
⟹ 35 - selling price = 0.15 * 35
⟹ 35 - selling price = 5.25
⟹ - selling price = 5.25 - 35
⟹ - selling price = - 29.75
⟹ selling price = Rs 29.75
Answer : Selling price of each pencil of is Rs 29.75.
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