Advertisements
Advertisements
Question
By selling a chair for ₹ 1440, a shopkeeper loses 10%. At what price, did he buy it?
Advertisements
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
A dishonest shopkeeper professes to sell pulses at his cost price but uses a false weight of 950 gm for each kilogram. Find his gain percent.
A shopkeeper offers 10% off-season discount to the customers and still makes a profit of 26%. What is the cost price for the shopkeeper on a pair of shoes marked at Rs 1120?
Muthu has a car worth ₹ 8,50,000 and he wants to sell it at a profit of ₹ 25,000. What should be the selling price of the car?
The loss per cent on selling 140 geometry boxes at the loss of S.P. of 10 geometry boxes is equal to ______.
Selling price of 9 articles is equal to the cost price of 15 articles. In this transaction there is profit of `66 2/3%`.
In case of gain, S.P. = `((100 + "gain"%) xx "C.P.")/100`.
A dining table is purchased for Rs 3,200 and sold at a gain of 6%. If a customer pays sales tax at the rate of 5%. How much does the customer pay in all for the table?
A lady bought an air-conditioner for Rs 15,200 and spent Rs 300 and Rs 500 on its transportation and repair respectively. At what price should she sell it to make a gain of 15%?
The cost of a flower vase got increased by 12%. If the current cost is ₹ 896, what was its original cost?
John sells goods worth ₹ 2,000 to Manish belonging to the same state. John gives a discount of 20% and charges GST = 5%. Then John gets ______.
