How to calculate selling price using cost and loss percent? We know, Selling Price = cost price - loss Selling Price = cost price - \(\frac{Loss Percentage × Cost Price}{100}\) Selling Price = \(\frac{100 × Cost Price - Loss Percentage × Cost Price}{100}\) Selling Price = Cost Price (\(\frac{100 - Loss Percentage}{100}\)), [Here, cost price and loss% are known.] Solved examples will help us to find selling price when the cost price and loss% are known: 1. Shelly bought a dress for $150 and sold it to Jenny there by suffering a loss of 10%. Find the selling price of the dress. Solution: Given cost price = $150 Loss % = 10% We know, selling price = Cost Price (\(\frac{100 - Loss Percentage}{100}\)) = 150 (\(\frac{100 - 10}{100}\)) = 150 (\(\frac{90}{100}\)) = (\(\frac{150 × 90}{100}\)) = 9 × 15 = $135 Therefore, selling price of the dress is $135. 2. Mike bought a laptop for $800 and sold it to Jack there by suffering a loss of 12%. Find the selling price of the laptop. Solution: Given cost price = $800 Loss % = 12% We know, selling price = Cost Price (\(\frac{100 - Loss Percentage}{100}\)) = 800 (\(\frac{100 - 12}{100}\)) = \(\frac{800 × 88}{100}\) = 88 × 8 = $724 Therefore, selling price of the laptop is $724. 3. By selling a chair for $372, Daisy loses 7%. At what price must she sell it to gain 10%. Solution: Given selling price = $ 372 Loss % = 7% We know, Cost Price = \(\frac{Selling Price × 100}{100 - Loss Percentage}\) Therefore, cost price = \(\frac{372 × 100}{100 - 7}\) = \(\frac{372 × 100}{93}\) = $400 Now cost price = $400 Gain% = 10% Therefore, selling price = Cost Price [\(\frac{100 + Gain Percentage}{100}\)] = 400 [\(\frac{100 + 10}{100}\)] = 110 × 4 = $440 7th Grade Math Problems From Calculate Selling Price using Cost and Loss Percent to HOME PAGE
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Given: Cost price of 10 laptops = Selling price of 7 laptops Formula Used: Profit percentage = {(S.P – C.P)/C.P} × 100 Calculation: Let C.P of each laptop be Rs. 1 C.P of 7 laptops = Rs. 7 C.P of 10 laptops = Rs. 10 S.P of 7 laptops = Rs. 10 Gain = Rs. (10 – 7) = Rs. 3 Gain % = 3/7 × 100 = 300/7 = 42.86% ∴ Gain percentage is 42.86%India’s #1 Learning Platform Start Complete Exam Preparation
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