sold $800 loss 10% find the c. p
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Answer:
$8000/9.
Step-by-step explanation:
SP = $800.
Loss = 10%.
By SP formula,
SP = (1- r/100) × CP
=> 800 = (1- 10/100) × CP
=> 800 = (1- 1/10) × CP
=> 800 = (9/10) × CP
=> CP = 10/9 × 800
=> CP = 8000/9
Therefore, cost price is $8000/9.
Decimal form = $888.88 (Approx.).
Verification
CP = $8000/9.
Loss = 10%.
By SP formula,
SP = (1- r/100) × CP
=> SP = (1- 10/100) × 8000/9
=> SP = (1- 1/10) × 8000/9
=> SP = 9/10 × 8000/9
=> SP = $800.
We got SP from CP, therefore, our answer is correct.
Hence, verified.
Used Abbreviations
SP = Selling Price.
CP = Cost Price.
r = Loss.
Additional Information
When there is profit then formula for SP will be:-
SP = (1+ r/100) × CP
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