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Question
By selling a certain number of goods for Rs. 5,500; a shopkeeper loses equal to one-tenth of their selling price. Find :
(i) the loss incurred
(ii) the cost price of the goods
(iii) the loss as a percent.
Solution
S.P. = Rs. 5,500
Loss =`1/10` of (S.P.) =`1/10xx5500` = Rs. 550
(i) Loss incurred = Rs. 550
(ii) C.P. = Rs. 5,500 + Rs. 550 = Rs. 6,050
(iii) Loss % =`(550xx100)/6050=(10xx100)/110=100/11=9 1/11%`
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