Question

The selling price of a smartphone is ₹12000. Its cost price was ₹15000. Find the percentage loss in the price of a phone.​

Answer 1

Answer:

11,250

Step-by-step explanation:

Interpreting terms in the most common way:

The discounted price would be Rs12,000 x 90/100 =Rs 10,800.

Rs 10,800 = a loss of 4% i.e.96% of cost price = cost price/100x96

therefore cost price = Rs 10,800x100/96x100 = Rs 11,250.