Question

By selling a certain number of goods for Rs.5,500; a shopkeeper loses equal to one-tenth of their selling price. Find : (i) the loss incured (ii) the cost price of the goods (iii) the loss as percent.

Answer 1

S.P. = Rs. 5,500
Loss = $\frac{1}{10}$ of (S.P.) = $\frac{1}{10}\times 5500$ = Rs. 550
(i) Loss incurred = Rs. 550
(ii) C.P. = Rs. 5,500 + Rs. 550 = Rs. 6,050
(iii) Loss % = $\frac{550\times 100}{6050}=\frac{10\times 100}{110}=\frac{100}{11}=9\frac{1}{11}$%