The selling price of an item is Rs 3000 when it was sold on a loss of Rs 245. Find its cost price.
a) Rs.2755 b) Rs.3245
c) Rs.2445 d) Rs.2745
Answers
Given : The selling price of an item is Rs 3000. it was sold on a loss of Rs 245.
To Find : cost price.
a) Rs.2755 b) Rs.3245
c) Rs.2445 d) Rs.2745
Solution:
SP = Selling Price
CP = Cost Price
SP = CP + Gain
or
SP = CP - Loss
SP = 3000
Loss = 245
=> 3000 = CP - 245
=> CP = 3245
cost price. = Rs 3245
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Given:
The selling price of an item is Rs 3000 when it was sold on a loss of Rs 245.
To find:
The cost price
Solution:
The Selling price of an item is given as Rs 3000 and Loss is Rs 245.
In order to find the cost price, we just need to add the loss to the selling price.
Cost price = loss + selling price
Cost price = 245 + 3000
Cost price = 3245
Hence, the cost price is Rs 3245
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