Question

The cost of flower vase is 280. If a shopkeeper sells it at 5% loss find selling price​

Answer 1

Step-by-step explanation:

CP = COST PRICE     SP = SELLING PRICE

CP = 280   SP = CP - LOSS% of CP OR  CP + PROFIT% OF CP

Here it is given,

LOSS PERCENT = 5%

therefore,

SP = CP - 5% OF CP

SP = 280 -  ($\frac{5}{100}$ x 280)

SP = 280 - 14

SP = 266

Answer 2

Answer:

the answer is 266

Step-by-step explanation:

cost price (CP) of flower vase is 280

Now shopkeeper sells it at 5% loss

therefore,

Let the Selling price (SP) be x

As we know that Loss = CP - SP

Loss% =

$\frac{Loss }{ CP} \times 100$

Loss = 280 - x

Now putting this in loss% formula,

Loss%

$= \frac{Loss}{ CP} \times 100 \\ 5 = \frac{280 - x}{280} \times 100 \\ \frac{5}{100} = \frac{280 - x}{280} \\ \frac{1}{20} = \frac{280 - x}{280} \\ \frac{280}{20} = 280 - x \\ 14 = 280 - x \\ x = 280 - 14 \\ x = 266$

therefore the SP = 266