QUESTIONS :-
Q.1: A man buys a fan for Rs. 1000 and sells it at a loss of 15%. What is the selling price of the fan?
Q.2: If a pen cost Rs.50 after 10% discount, then what is the actual price or marked price of the pen?
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Answers
AnSwEr Of FiRsT qUeStIoN :-
Cost Price of the fan is Rs.1000
Loss percentage is 15%
As we know, Loss percentage = (Loss/Cost Price) x 100
15 = (Loss/1000) x 100
Therefore, Loss = 150 rs.
As we know,
Loss = Cost Price – Selling Price
So, Selling Price = Cost Price – Loss
= 1000 – 150
Selling Price = R.850/-
AnSwEr Of SeCoNd QuEsTiOn :-
MP x (100 – 10) /100 = 50
MP x (90/100) = 50
MP = (50 x 100)/90
MP = Rs. 55.55/-
☆ Points to remember :-
• For-profit, the selling price should be more than the cost price
• For loss, cost price should be more than the selling price.
• The percentage value for profit and loss is calculated in terms of cost price.
AnSwEr Of FiRsT qUeStIoN :-
Cost Price of the fan is Rs.1000
Loss percentage is 15%
As we know, Loss percentage = (Loss/Cost Price) x 100
15 = (Loss/1000) x 100
Therefore, Loss = 150 rs.
As we know,
Loss = Cost Price – Selling Price
So, Selling Price = Cost Price – Loss
= 1000 – 150
Selling Price = R.850/-
AnSwEr Of SeCoNd QuEsTiOn :-
MP x (100 – 10) /100 = 50
MP x (90/100) = 50
MP = (50 x 100)/90
MP = Rs. 55.55/-
☆ Points to remember :-
• For-profit, the selling price should be more than the cost price
• For loss, cost price should be more than the selling price.
• The percentage value for profit and loss is calculated in terms of cost price.