Question
Mathematics Question on Prices Related To An Item Or Buying And Selling
Juhi sells a washing machine for Rs 13, 500. She loses 20% in the bargain. What was the price at which she bought it?
Answer
Selling price = Rs 13500
Loss % = 20%
Let the cost price be x.
Loss = 20% of x
Cost price - Loss = Selling price
x−10020×x=13500
x−51x=13500
54x=13500
x=13500×45
= 16875
Therefore, she bought it for Rs 16875.