Question

Q 14. A shopkeeper bought an article for Rs 2000 and sold it at a loss of 20%. What is the selling price of the article?

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Answer 1

Answer:

Rs 2000

Step-by-step explanation:

hope it's helpful

Answer 2

Answer

Given:

Cost price of the article is ₹2000, loss is 20%

To find:

Selling price of the article.

Formula used:

$\red{\underline{\fbox{S.P. = C.P. - Loss}}}$

Solving:

Cost price of the article = ₹2000

Loss % = 20%

So, Loss in "₹" = $\bold{\frac{20}{100} × 2000}$

∴ The loss is of ₹400

So, the Selling price = ₹(2000-400)

$\green{\fbox{∴ The selling price is ₹1,600}}$

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${\boxed{\mathfrak{\red{More \: Information}}}}$

• CP = SP + Loss, or SP - Profit
• SP = CP - Loss, or CP + Profit
• Profit = SP - CP
• Loss = CP - SP