Question

Ritu has sold her guitar at a loss of 20%. If Ritu had bought the guitar for Rs. 15,000, find the price at which Ritu sold the guitar.

Answer 1

Answer:

Rs. 12000

Step-by-step explanation:

ritu bought guitar = Rs. 15000

she sold guitar at loss of = 20 %

= 15000 - 20%

=12000

Answer 2

The price at which Ritu had sold the guitar is Rs. 12000.

-----------------------------------------------------------------------------------------------------

Let's understand a few concepts:

What is the cost price?  

The cost price is the original price of items or goods at which it is bought by the retailer.

What is the selling price?  

The selling price is the price of items or goods at which it is sold to the customer.

What is profit?  

A profit usually occurs in the transaction when the selling price of the item is more than the cost price of the item.

What is loss?  

A loss usually occurs in the transaction when the cost price of the item is more than the selling price of the item.  

How to calculate the selling price?  

The selling price can be found by using the following formula:

$\boxed{\bold{S.P. = \frac{100 - L\%}{100} \times C.P.}}$  

 

-----------------------------------------------------------------------------------

Let's solve the given problem:

The C.P. of the guitar = Rs. 15000

The loss percentage = 20%

Therefore,

The S.P. of the guitar is,

= $\frac{100 - 20}{100} \times15000$

= $\frac{80}{100} \times15000$

= $80 \times 150$

= Rs. 12000

 

Thus, the price at which Ritu sold the guitar is Rs. 12000.

---------------------------------------------------------------------------------------------

Learn more about C.P., S.P., loss and gain here:  

brainly.in/question/36717281  

brainly.in/question/33920758