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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?

Question

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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Mathematics
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2021-09-21T02:21:19+00:00
2021-09-21T02:21:19+00:00 2 Answers
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## Answers ( )

Answer:Step-by-step explanation::Given that:To Find,We have∵ Selling price of one cap = Rs 9.90

∴ Selling price of 25 caps = Rs 9.90 × 25

∴ Selling price of 25 caps = Rs 247.50

,We know thatCost price = Selling price + Loss

⟶ Cost price = Rs (247.50 + 40)

⟶ Cost price = Rs 287.50

,Now we have∵ Cost price of 25 caps = Rs 287.50

∴ Cost price of one cap = Rs 287.50/25

∴ Cost price of one cap = Rs 11.50

,HenceAnswer:## Given :-

## To Find :-

## Formula Used :-

CostPriceFormula:## Solution :-

First,wehavetofindthesellingpriceof25caps:If,one caps sells atRs9.90percap.Then,Now,wehavetofindthecostpriceofcap:Given:Accordingtothequestionbyusingtheformulaweget,Now,wehavetofindthecostpriceofeachcap:If,cost price of 25 cap isRs287.50Then,ThecostpriceofeachcapisRs11.50.