Question

If cost price of a product is rs. 53 and the loss on its sale is rs. 6, what is its selling price?

Answer 1

₹47

Explanation:

The relation between cost price, selling price, and profit is ...

profit = selling price - cost price

A loss is a negative profit.

__

Using the given values in the formula, we find ...

-6 = selling price - 53

47 = selling price . . . . . . . add 53 to both sides

The selling price of the product is ₹47.