The cost of an item is rs 240 . If the shopkeeper sells it at a loss of 10 % , find the price at which it is sold .
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Answer
C.P. of a flower vase =Rs.120
Loss=10%
∴S.P.=
100
C.P.×(100−Loss%)
=Rs.
100
120×(100−10)
=Rs.
100
120×90
=Rs.108
Answered by
2
Given - Cost and loss Percentage
Find - Selling price
Solution - The formula to be used for calculation is -
Selling price = (100-Loss%)/100*Cost price
Keep the values in formula to find the selling price.
Selling price = (100-10)/100*240
Performing subtraction
Selling price = 90*240/100
Cancelling zero as it is common in both numerator and denominator. Followed by performing multiplication.
Selling price = 216
Hence, the item is sold at Rupees 216.
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