Question

on selling a suitcase for Rs.8750 jyoti loses 20/3%. find CP

Answer 1

Answer:

Cost Price of the suitcase is Rs 9374.33

Step-by-step explanation:

Selling price = Rs. 8750

Loss percentage = 20/3 %  

Now, we need to calculate the cost price.

Also, we know that CP = $\frac{\textrm{SP} \times 100}{100 - \textrm{ loss percent} }$

⇒  $\textrm{CP}  = \frac{8750 \times 100}{100 - 6.66}$

=  $\frac{875000}{93.34}$  = Rs 9374.33

Hence, the cost price of the suitcase is Rs 9374.33