Question

The cost of a flower vase is Rs 120. If the shopkeeper sells it at a loss of 10%, find the price at which it is sold.​

Answer 1

Answer:

Rs 12 loss sold it at Rs 108

Step-by-step explanation:

price of the vase = 120

100% = 120

1% = 1.2

10% = 12

the shopkeeper sold the vase at Rs 108

Answer 2

The price at ₹108 it is sold

Step-by-step explanation:

GIVEN

Cost Price = ₹120

Loss = 10%

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TO FIND

The price at which it is sold

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We know that,

Selling Price = ( 100 - Loss Percent ) × Cost Price / 100

Selling Price = [ ( 100 - 10 ) × 120 ] / 100

Selling Price = [ ( 100 - 10 ) × 120 ] / 100

Selling Price = [ 90 × 120 ] / 100

Selling Price = 10800 / 100

Selling Price = 108

Selling Price = ₹108

The price at ₹108 it is sold

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IMPORTANT

Selling Price = ( 100 + Profit Percent ) × Cost Price / 100

Selling Price = ( 100 - Loss Percent ) × Cost Price / 100

Cost Price = ( Selling Price × 100 ) / ( 100 + Profit Percent )

Cost Price = ( Selling Price × 100 ) / ( 100 - Loss Percent )