Question

The cost price of an article is $50 and the loss is 20 per cent of the cost price. What is the selling price of the article? *

Answer 1

Answer:

by my choice is 50 + 20 is 70 is the selling price of the article.

Step-by-step explanation:

good night all

Answer 2

Answer :-

• The selling price of the article is $40.

To find :-

• The selling price of the article.

Solution :-

• Before finding the selling price of the article, let's find the loss!

Given that :-

• The cost price is $50.
• The loss is 20% of the cost price.

Hence :-

• To find the loss, we have to find 20% of the cost price ($50)

$\longmapsto \tt20\% \: of \: 50$

$\longmapsto\tt\dfrac{20}{100} \times 50$

Cutting off the zeroes,

$\longmapsto\tt \dfrac{2}{1} \times 5$

$\longmapsto\tt2 \times 5$

$\longmapsto\tt10$

Thus :-

• The loss suffered on the article is $10.

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• Now, let's find the selling price of the article!

We know that :-

$\underline{ \boxed{\sf SP = CP - Loss}}$

Where,

• SP = Selling price.
• CP = Cost price.

Here,

• Cost price = $50.
• Loss = $10.

Therefore,

$\bf SP = 50 - 10$

$\bf SP = 40$

Hence :-

• The selling price of the article is $40.

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