By selling an article for Rs.704; a person loses 12%. Find his cost price and the loss. - Mathematics

Sum

By selling an article for Rs.704; a person loses 12%. Find his cost price and the loss.

Solution

S.P. of an article = Rs.704

Loss = 12%

C.P. =100/((100-"Loss"%))xx"S.P."

=100/((100-12))xx"Rs."704

= Rs.100/88xx704

= Rs.100 × 8 = Rs.800

Loss = C.P. − S.P.

= Rs.800 − Rs.704

= Rs.96

Concept: To Find C.P., When S.P. and Gain (Or Loss) Percent Are Given
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APPEARS IN

Selina Concise Mathematics Class 8 ICSE
Chapter 8 Profit, Loss and Discount
Exercise 8 (B) | Q 4 | Page 93