Question

Fill in the blanks to make the statement true: John sells a bat for $₹75$ and suffers a loss of $₹8$.

The cost price of the bat is _____

Answer 1

Evaluate the cost price

Given, Sale price (SP) of the bat $=₹75$

Loss (L) on sale of the bat $=₹8$

We know that, $\mathrm{Loss}=\mathrm{Cost}\mathrm{Price}-\mathrm{Sale}\mathrm{Price}$

Using this formula, we get

$$\begin{gathered} \Rightarrow L=CP-SP \\ \Rightarrow 8=CP-75 \\ \Rightarrow CP=75+8 \\ \Rightarrow CP=₹83 \end{gathered}$$

Therefore, the cost price of the bat is $₹83$.