A farmer sells his product at a loss of 8 %. If his SP is Rs 27600 , what is his actual loss? What is his cost price?

Given: Selling price  =  27600₹

Loss percentage  =  8%

To do: Find the cost price.  

Solution:

So, He sells the product at 92 %  of the cost price

$\frac{92}{100}  of  CP  =  27600$

                       CP  =  $27600 \times\frac{ 100}{ 92}$

                        CP  =  $\frac{2760000}{92}  =  30000$

So, the cost price  =  30000₹

The actual loss   =  Cost price $-$ Selling price

                              =   $30000  -  27600$

Actual loss   =   2400 ₹

Therefore, the CP is 30000₹

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Updated on: 10-Oct-2022

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