Question

Merchant lost rupees 51 by selling 17 bags of the rice for rupees 1020 what was the cost price for bags?

Answer 1

Answer:

CP of 17 Bags=sp+Loss

1020+5 1=1071

cp of one bag=1071 /17=Rs63

Answer 2

The cost price of 17 bags = Rs. 1071

• The selling price of 17 bags of rice is Rs. 1020.

• The loss incurred by selling 17 bags is 51 rupees.

• Now we have to find the cost price of the 17 bags of rice.

• Cost price of the bags - Loss = Selling price of the bags

• Cost price of the bags =  Selling price of the bags + loss

• Cost price of the bags =  1020 + 51 = 1071 Rs.