Advertisements
Advertisements
Question
By selling a chair for ₹ 1440, a shopkeeper loses 10%. At what price, did he buy it?
Solution
Given, S.P. = ₹ 1440 and loss = 10%
We know that, Loss% = `"Loss"/"C.P." xx 100%`
⇒ Loss% = `("C.P." - "S.P.")/"C.P." xx 100%` ......[∵ Loss = C.P. – S.P.]
⇒ 10 = `("C.P." - 1440)/"C.P." xx 100`
⇒ `10/100` C.P. = C.P. – 1440
⇒ C.P. – `10/100`C.P. = 1440
⇒ `9/10`C.P. = 1440
⇒ C.P. = `(1440 xx 10)/9`
∴ C.P. = ₹ 1600
Hence, the cost price of chair is ₹ 1600.
APPEARS IN
RELATED QUESTIONS
I buy a T.V. for ₹ 10,000 and sell it at a profit of 20%. How much money do I get for it?
Amina buys a book for ₹ 275 and sells it at a loss of 15%. How much does she sell it for?
A tradesman marks his goods at such a price that after allowing a discount of 15%, he makes a profit of 20%. What is the marked price of an article whose cost price is Rs 170?
From a wholesaler, Santosh bought 400 eggs for Rs 1500 and spent Rs 300 on transport. 50 eggs fell down and broke. He sold the rest at Rs 5 each. Did he make a profit or a loss? How much?
Abraham bought goods worth Rs 50000 and spent Rs 7000 on transport and octroi. If he sold the goods for Rs 65000, did he make a profit or a loss? How much?
Using the figures given below, frame problems based on profit percent or loss percent.
Cost price ₹ 2000, selling price ₹ 1900
Harbhajan Singh bought 500 kg of rice for 22000 rupees and sold it all at the rate of Rs. 48 per kg. How much profit did he make?
5% sales tax is charged on an article marked Rs 200 after allowing a discount of 5%, then the amount payable is ______.
Three bags contain 64.2 kg of sugar. The second bag contains `4/5` of the contents of the first and the third contains `45 1/2`% of what there is in the second bag. How much sugar is there in each bag?
A lady buys some pencils for Rs 3 and an equal number for Rs 6. She sells them for Rs 7. Find her gain or loss%.
