Answer:
To find the selling price of the table, you can add the loss to the cost price.
Cost price of the table = $380
Loss incurred = $180
Selling price = Cost price - Loss
Selling price = $380 - $180 = $200
Therefore, the selling price of the table is $200.
Regarding the second scenario with the fan:
Cost price of the fan = $9,000
Selling price of the fan = $6,575
Loss incurred = Cost price - Selling price
Loss = $9,000 - $6,575 = $2,425
Therefore, the loss incurred on the fan is $2,425.
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Answers & Comments
Answer:
To find the selling price of the table, you can add the loss to the cost price.
Cost price of the table = $380
Loss incurred = $180
Selling price = Cost price - Loss
Selling price = $380 - $180 = $200
Therefore, the selling price of the table is $200.
Regarding the second scenario with the fan:
Cost price of the fan = $9,000
Selling price of the fan = $6,575
Loss incurred = Cost price - Selling price
Loss = $9,000 - $6,575 = $2,425
Therefore, the loss incurred on the fan is $2,425.