A machine was sold at ₹27,300 at a loss of 9%. Find the loss (in ₹).
- A2,700
- B2,270
- C2,450
- D2,457
Solution & Step-by-step Explanation
Let the Cost Price (CP) of the machine be 100%.
Since there is a loss of 9%, the Selling Price (SP) is:
SP=100%−9%=91%
We are given that SP=₹27,300:
91%=27,300
1%=
91
27,300
=300
The total loss amount is equal to 9%:
Loss=9×300=2,700
Since there is a loss of 9%, the Selling Price (SP) is:
SP=100%−9%=91%
We are given that SP=₹27,300:
91%=27,300
1%=
91
27,300
=300
The total loss amount is equal to 9%:
Loss=9×300=2,700