Advertisements
Advertisements
Question
In case of loss, `C.P. = (100 xx S.P.)/(100 + Loss%)`
Options
True
False
Solution
This statement is False.
Explanation:
We know that,
Loss = Cost price – Selling price
∴ Loss % = `"Loss"/"Cost price" xx 100`
∴ Cost price = `100/(100 - "Loss"%) xx "Selling price"`
APPEARS IN
RELATED QUESTIONS
A shop selling sewing machines offers 3% discount on all cash purchases. What cash amount does a customer pay for a sewing machine the price of which is marked as Rs 650.
A cycle merchant allows 20% discount on the marked price of the cycles and still makes a profit of 20%. If he gains Rs 360 over the sale of one cycle, find the marked price of the cycle.
Jyoti and Meena run a ready-made garment shop. They mark the garments at such a price that even after allowing a discount of 12.5%, they make a profit of 10%. Find the marked price of a suit which costs them Rs 1470.
The Jijamata Women’s Saving Group bought raw materials worth Rs 15000 for making chakalis. They sold the chakalis for 22050 rupees. How much profit did the WSG make?
Using the figures given below, frame problems based on profit percent or loss percent.
Cost price of 8 articles is ₹ 1200 each, selling price ₹ 1400 each.
A branded Air-Conditioner (AC) has a marked price of ₹ 38000. There is a condition given for the customer.
Discount of 8% on the marked price but no free gifts. 
Sugan bought a Jeans pant for ₹ 750. It did not fit him. He sold it to his friend for ₹ 710. Find the profit or loss to sugan
A man bought 400 metre of cloth for ₹ 60,000 and sold it at the rate of ₹ 400 per metre. Find his profit or loss
A fruit seller bought 2 dozen bananas at ₹ 20 a dozen and sold them at ₹ 3 per banana. Find his gain or loss
C.P. = M.P. – Discount.
