To find Cost Price or Selling Price when Profit or Loss is given
To find cost price or selling price when profit or loss is given are discussed here.
1. Maria sold a bicycle for $ 24900 at a profit of $ 600. Find the price at which she bought it.
Selling Price = $ 24900
Profit = $ 600
Cost Price = Selling Price – Profit
Cost Price = 24900 – 600
= $ 24300
Therefore, Maria bought it at $ 24300.
Answer: $ 24300
2. Ron has a cycle worth $ 1800 and he wants to sell it at a profit of $ 220. What should cycles selling price be?
Cost Price = $ 1800
Profit = $ 220
Selling Price = Cost Price + Profit
Selling Price = 1800 + 220
= $ 2020
Selling price of the cycle = $ 2020
Answers: $ 2020
3. Diane sold a book worth $ 850 at a loss of $ 180. Find the selling price of the book.
Cost Price = $ 850
Loss = $ 180
Since, Selling Price = Cost Price + Loss
Selling Price = 850 - 180
Therefore, selling price of the book = $ 670
Answers: $ 670
4. If a chair was sold for $ 990 at a loss of $ 110. Find the cost price of the chair.
Selling Price = $ 990,
Loss = $ 110
Cost Price = Selling Price + Loss
Cost Price = 990 + 110
= $ 1100
Therefore, cost price of the chair = $ 1100
Answers: $ 1100