The problem requires calculating the selling price (SP) of an article when the cost price (CP) and the loss percentage are given.
Selling Price Calculation
Given:
- Cost Price (CP) = ₹ 18,960
- Loss Percentage = 15%
The formula to calculate the selling price when there is a loss is:
SP = CP $\times$ \(\left(1 - \frac{\text{Loss \%}}{100}\right)\)
Article Selling Price Computation
Substitute the given values into the formula:
SP = ₹ 18,960 $\times$ \(\left(1 - \frac{15}{100}\right)\)
SP = ₹ 18,960 $\times$ \((1 - 0.15)\)
SP = ₹ 18,960 $\times$ \(0.85\)
SP = ₹ 16,116
Therefore, the selling price of the article is ₹ 16,116.
Important Questions from Profit and Loss
Ram bought a chair at 35% discount on its market price, Had Ram got no discount, he would have had to pay ₹245 more. How much did Ram pay for the chair?
A shopkeeper bought an item for Rs. 4,500 and sold it at a loss of 5%. From this money, he bought another item and sold it at a profit of 10%. What is his overall profit?
A man sells two articles at Rs. 9,180 each. He gains 8% on one article and loses 15% on the other. His overall profit or loss is:
A shopkeeper selling an article for ₹46 loses 8%. In order to gain 6%, what should be the selling price of the article?
Rahul purchased 80 items from the market. 25% items of the total items were defective and the remaining items were sold at 50% profit. What will be the overall profit percentage?
