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

Greetings..!!

Cost price of flower vase = Rs 120

Loss percentage = 10%

By using formula for Selling price,we have : (100-L%/100)*C.P = (90/100)*120=Rs 108

Answer : The price at which it is sold is Rs 108.

Answer 2

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 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 of the flower vase can be found by using the following formula:

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

Now, let's solve the given question:

The cost price of the flower vase = Rs. 120

The rate of loss percentage = 10%

On substituting the values in the above formula of the selling price, we get

$S.P. = \frac{100 - 10}{100} \times 120$

$\implies S.P. = \frac{90}{100} \times 120$

$\implies S.P. = 9\times 12$

$\implies \bold{S.P. = Rs. \: 108}$

Thus, the selling price of the flower vase is → Rs. 108.

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

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