[tex]\huge\bold{Question}[/tex]
A merchant sold 25 caps at RS.9.90 per cap.In this transaction he incurred a loss of RS.40. What is the cost price of each cap?
With explanation.
A merchant sold 25 caps at RS.9.90 per cap.In this transaction he incurred a loss of RS.40. What is the cost price of each cap?
With explanation.
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Step-by-step explanation:
A merchant sold 25 caps at RS.9.90 per cap.In this transaction he incurred a loss of RS.40. What is the cost price of each cap?
With explanation.
given, a merchant sold 25 cap ₹9.90 per cap in this transaction he incurred a loss of ₹40
the selling price of 25 cap is = ₹(25×9.90)
= ₹247.50
therefore the cost price of cap is= ₹(247.50+40)
= ₹287.50
therefore the cost of price of each cap is = ₹(287.50÷25)