Home
Class 7
MATHS
What will be the cost price of an item i...

What will be the cost price of an item if it is sold for Rs 187 after a loss of `15%`?

Text Solution

AI Generated Solution

The correct Answer is:
To find the cost price of an item sold for Rs. 187 after a loss of 15%, we can follow these steps: ### Step-by-Step Solution: 1. **Understand the given values**: - Selling Price (SP) = Rs. 187 - Loss Percentage = 15% 2. **Set up the formula for loss**: - The formula for loss is given by: \[ \text{Loss} = \text{Cost Price (CP)} - \text{Selling Price (SP)} \] 3. **Express loss in terms of cost price**: - We know that the loss percentage is given by: \[ \text{Loss Percentage} = \frac{\text{Loss}}{\text{Cost Price}} \times 100 \] - Rearranging this formula gives us: \[ \text{Loss} = \frac{\text{Loss Percentage} \times \text{Cost Price}}{100} \] - Substituting the known loss percentage: \[ \text{Loss} = \frac{15 \times \text{CP}}{100} \] 4. **Substitute the loss into the loss formula**: - Now we can substitute this expression for loss back into the loss formula: \[ \text{CP} - \text{SP} = \frac{15 \times \text{CP}}{100} \] - Plugging in the selling price: \[ \text{CP} - 187 = \frac{15 \times \text{CP}}{100} \] 5. **Clear the fraction**: - To eliminate the fraction, multiply the entire equation by 100: \[ 100 \times \text{CP} - 18700 = 15 \times \text{CP} \] 6. **Rearrange the equation**: - Now, bring all terms involving CP to one side: \[ 100 \times \text{CP} - 15 \times \text{CP} = 18700 \] - This simplifies to: \[ 85 \times \text{CP} = 18700 \] 7. **Solve for CP**: - Divide both sides by 85: \[ \text{CP} = \frac{18700}{85} \] - Calculating this gives: \[ \text{CP} = 220 \] 8. **Conclusion**: - Therefore, the cost price of the item is Rs. 220.
Promotional Banner

Topper's Solved these Questions

  • PERCENTAGE, PROFIT AND LOSS

    ICSE|Exercise EXERCISE 9.2|14 Videos
  • PERCENTAGE

    ICSE|Exercise EXERCISE 9C|26 Videos
  • PERIMETER AND AREA

    ICSE|Exercise TRY THIS |41 Videos

Similar Questions

Explore conceptually related problems

Find the cost price of an article which is sold for Rs. 220 at a loss of 12%.

Find the selling price of an article which is pruchased for Rs. 12400 and sold at a loss of 7%.

A tape-recorder is sold for 2,760 at a gain of 15% and a C.D. player is sold for Rs 3,240 at a loss of 10%. Find : the gain % or the loss% on the whole.

A tape-recorder is sold for 2,760 at a gain of 15% and a C.D. player is sold for Rs 3,240 at a loss of 10%. Find : the total S.P. of both.

A tape-recorder is sold for 2,760 at a gain of 15% and a C.D. player is sold for Rs 3,240 at a loss of 10%. Find : the C.P. of the C.D. player.

A tape-recorder is sold for 2,760 at a gain of 15% and a C.D. player is sold for Rs 3,240 at a loss of 10%. Find : C.P. of the tape-recorder.

A tape-recorder is sold for 2,760 at a gain of 15% and a C.D. player is sold for Rs 3,240 at a loss of 10%. Find : the total C.P. of both.

After allowing a discount of 12% on the marked price of an article, it is sold for Rs 880. Find its marked price.

By selling a refrigerator for Rs. 23520, a dealer suffers a loss of 4%. What is the cost price of the refrigerator? At what price should he sell it to gain 8%?

An umbrella is sold for Rs. 198 at a gain of 10%. What is the cost price of the umbrella? At what price must it be sold to gain 25%?

ICSE-PERCENTAGE, PROFIT AND LOSS-REVISION EXERCISE
  1. What percentage of a. 40 m is 10 m ? b. 7 litres is 1.4 litres?

    Text Solution

    |

  2. If Rs 60 is reduced by 20% , find the decreased amount.

    Text Solution

    |

  3. The population of a town increases 10% annually. If the present popula...

    Text Solution

    |

  4. Anita has obtained 450 marks in an examination. If she obtained 75% of...

    Text Solution

    |

  5. A nursery has 5000 plants. 10% of these plants are roses and 35% are d...

    Text Solution

    |

  6. An ally of tin and copper consists of 24 parts of tin and 136 parts of...

    Text Solution

    |

  7. In an examination, 15% students failed and 425 students passed. Find t...

    Text Solution

    |

  8. In a box of electric bulbs, 12% are defective. If 176 bulbs are good, ...

    Text Solution

    |

  9. A box contains 140 sweets. These sweets are divided amongst Rahul, Pra...

    Text Solution

    |

  10. An IPL cricket team won 7 matches this year as against 10 matches last...

    Text Solution

    |

  11. What will be the cost price of an item if it is sold for Rs 187 after ...

    Text Solution

    |

  12. Rohit's salary was increased by 10% to Rs 41,800. Find his salary befo...

    Text Solution

    |

  13. A book was bought for Rs 560 and sold for Rs 630. Find the gain and ga...

    Text Solution

    |

  14. Find the sale price of a table for which the cost price is Rs 650 and ...

    Text Solution

    |

  15. A company intoduces a special packing of mixed fruit juice with 20% ex...

    Text Solution

    |

  16. A shopkeeper sells an item for Rs 322, making a profir equal to (1)/(6...

    Text Solution

    |

  17. The height of a plant increases by 16% in one week. If the increases h...

    Text Solution

    |

  18. Shikha sells dinner sets at Rs 8,960. In a day she sells 8 sets and ma...

    Text Solution

    |

  19. Reena spent Rs 1200 on getting a table polished and then sold it for R...

    Text Solution

    |

  20. A mixed grain flour is made by mixing 2 parts of mixed grains and thre...

    Text Solution

    |