A shopkeeper buys room coolers at 1,200 each. Due to depressed market conditions, he sells them at 15% loss. Find the selling price of each cooler?

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Solution

We have,

$C . P = 1200$

$L o s s % = 15 %$

$S . P = ?$

We know that

$L o s s % = \frac{C . P - S . P}{C . P} \times 100$

Therefore,

$15 = \frac{1200 - S . P}{1200} \times 100$

$15 = \frac{1200 - S . P}{12}$

$1200 - S . P = 15 \times 12$

$1200 - S . P = 180$

$S . P = 1200 - 180$

$S . P = 1020$

Hence, this is the answer.

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A shopkeeper buys room coolers at 1,200 each. Due to depressed market conditions, he sells them at 15% loss. Find the selling price of each cooler?

We have,C.P=1200Loss%=15%S.P=?We know thatLoss%=C.P−S.PC.P×100Therefore,15=1200−S.P1200×10015=1200−S.P121200−S.P=15×121200−S.P=180S.P=1200−180S.P=1020Hence, this is the answer.