Question

A shop keeper purchases an articles for $Rs.3,500$ and pays transport charge of $Rs.100$. He incurred a loss of $12\%$ in selling this. Find the selling price of the article.

Answer 1

Cost of articles is $=3500$

Cost of transport $=100$

Total cost $=3500+100=3600$

Percent loss$=12$% (Negative)

Percent loss$=\frac{loss}{costprice}\times 100=\left(\frac{SP-CP}{CP}\right)\times 100$

$=\frac{-12}{100}=(\frac{SP}{CP}-1)SP=\frac{88}{100}\times CPSP=\frac{88}{100}\times 3600=3168$

Therefore, selling price is $Rs.3168$