A man buys a machine for ₹2,400 and sells it at a loss of 10%. What is the selling price of the machine?
Given:
Cost Price (CP) of the machine = ₹2,400
Loss percentage = 10%
Formula Used:
Loss =
Selling Price (SP) = CP - Loss
Solution:
Loss = ₹2,400
Loss = ₹240
SP = CP - Loss
SP = ₹2,400 - ₹240
SP = ₹2,160
The selling price of the machine is ₹2,160.
Alternate Method:
-10% =
Ratio 10 : 9
SP = = ₹2,160
English
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