Answer: birr 1780.
Solution:
The cost price of the T.V. set = birr 2000
The loss percentage = 5 1/2%
The formula of the selling price is: Selling Price = (100 - Loss%)/100 × Cost Price
Now,
By using the above formula and by substituting the given values of C.P. and Loss%, we get
Selling Price = (100 - 11)/100 × 2000
Selling Price = 89/100 × 2000
Selling Price = 89 × 20
Selling Price = 1780
Thus, the selling price of the T.V. set was → birr Given:
A trader bought a TV set for birr 2000 and sold it at a loss of 11%
To find:
What was the selling price?
Solution:
The cost price of the T.V. set = birr 2000
The loss percentage = 11%
We know the formula of the selling price is:
Now,
By using the above formula and by substituting the given values of C.P. and Loss%, we get
Thus, the selling price of the T.V. set was → birr 1780.
