the return price of cost is 275 if 15% debate is given on the written price what will a customer pay ?
Answers
Answer:
• To compare two quantities, their units must be the same.
• Two ratios can be compared by converting them into like fractions.
If the two fractions are equal, we say that the two given ratios are
equivalent.
• If two ratios are equivalent (or equal), then the involved four quantities
are said to be in proportion.
• One of the ways of comparing quantities is percentage. Per cent is
derived from Latin word ‘per centum’ meaning ‘per hundred’.
• Percent is represented by the symbol % and means hundredth too.
• Fractions can be converted into percentages and vice-versa.
• Decimals can also be converted into percentages and vice-versa.
• The buying price of any item is known as its cost price. It is written
in short as CP.
• The price at which an item is sold, is known as its selling price or in
short SP.
• If CP < SP, then a profit is made and Profit = SP – CP.
• If CP = SP, there is no profit or loss.
• If CP > SP, then a loss is made and Loss = CP – SP.
• Profit per cent =
Profit ×100
CP
• Loss per cent =
Loss ×100
CP