A shopkeeper sells a refrigerator for Rs 12,500 with a loss of Rs 1500. Find the price at which he had bought it from dealer. Also calculate the loss percent.

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Solution

Selling price of the refrigerator = Rs 12,500
Loss suffered by the shopkeeper = Rs 1,500
Cost price = ?
We know that, Selling price = Cost Price - Loss
So, Cost Price = Selling Price + Loss
Cost Price = Rs 12,500 + Rs 1,500
= Rs 14,000
$Loss percent = \frac{Loss}{C.P.} \times 100 %$
$= \frac{1500}{14000} \times 100 %$
$= 10.715 %$

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A shopkeeper sells a refrigerator for Rs 12,500 with a loss of Rs 1500. Find the price at which he had bought it from dealer. Also calculate the loss percent.

Selling price of the refrigerator = Rs 12,500 Loss suffered by the shopkeeper = Rs 1,500 Cost price = ? We know that, Selling price = Cost Price - Loss So, Cost Price = Selling Price + Loss Cost Price = Rs 12,500 + Rs 1,500 = Rs 14,000 Loss percent=LossC.P.×100% =150014000×100% =10.715%