Question

On selling a table for $987, Reece loses 6%. Using the profit and loss formulas, find out the price at which he purchased it.

Answer 1

Answer:

Let the C.P. be Rs x.

x−

100

6

x=987

⇒

100

94

x=987

⇒x=1050

C.P. of a table is Rs 1050.

Therefore, he purchased table of Rs. 1050.

Answer 2

$\huge{\underbrace{\red{\bf{Solution}}}}$

Given:

• Selling price = $987
• Loss = 6%

According to the formula:

$\pink{\bf{\boxed{Cost \: price = Selling \: price - Loss}}}$

$\blue{\bf{\boxed{Loss \: price = \frac{Loss \: percent}{100} × CP}}}$

Answer:

Finding the loss price:-

$\implies{\frac{6}{100} \times 987}$

$\bold{\red{\implies{58.68}}}$

Now, we have to find out the cost price:-

$\implies{987 - 58.68}$

$\bold{\red{\implies{928.32 \: (Ans)}}}$

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