Calculate Loss and Selling Price
We will learn how to calculate loss and selling price of an article. We know, S.P. is the price at which an article is sold and the seller suffers a loss when the S.P. is less than the C.P.
Solved examples:
1. James purchases an article for $450 and sold it at 20% loss. Find the loss and selling price of the article.
Solution:
Given, C.P. of an article = $450 and loss% = 20%
Therefore, loss = loss% of C.P.
= 20% × $450
= (20/100) × $450
= $90
And, S.P. = C.P. – loss
= $450 - $90
= $360
Therefore, loss is $90 and selling price is $360.
2. A dealer losses
$200 when he sells an article at a loss of 10%. Find the selling price (S.P.)
of the article.
Solution:
Let the cost price (C.P.) be $ 100.
Therefore selling price (S.P.) = cost price (C.P.) - loss
= $100 - $10
= $90
If the loss is $10, then the S.P. is $90.
If the loss is $1, then the S.P. is $90/10.
If the loss is $200, then the S.P. is $ (90/10) × 200
= $(90 × 200)/10
= $1800.
Hence, the selling price (S.P.) of the article is $1800.
To find Profit or Loss when Cost Price and Selling Price are Given
To find Selling Price when Cost Price and Profit or Loss are Given
To find Cost Price when Selling Price and Profit or Loss are Given
Calculate Profit or Loss Percent
Calculate Profit and Selling Price
Calculate Loss and Selling Price
6th Grade Math Practice
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