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Amit sold a smartphone for ₹5000, incurring a loss of 8%. What was the cost price of the smartphone?
- a)₹5434.7
- b)₹5200
- c)₹5600
- d)₹5800
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
Amit sold a smartphone for 5000, incurring a loss of 8%. What was the ...
To find the cost price of the smartphone, we need to use the formula:
Selling Price = Cost Price - Loss
Given that the selling price of the smartphone is $5000 and there is a loss of 8%, we can substitute these values into the formula:
5000 = Cost Price - (8/100) * Cost Price
Simplifying the equation:
5000 = Cost Price - 0.08 * Cost Price
Combining like terms:
5000 = 0.92 * Cost Price
Dividing both sides by 0.92:
Cost Price = 5000 / 0.92
Cost Price = 5434.78 (rounded to the nearest penny)
Therefore, the cost price of the smartphone is $5434.78.
So, the correct answer is option 'A' (5434.7).
Selling Price = Cost Price - Loss
Given that the selling price of the smartphone is $5000 and there is a loss of 8%, we can substitute these values into the formula:
5000 = Cost Price - (8/100) * Cost Price
Simplifying the equation:
5000 = Cost Price - 0.08 * Cost Price
Combining like terms:
5000 = 0.92 * Cost Price
Dividing both sides by 0.92:
Cost Price = 5000 / 0.92
Cost Price = 5434.78 (rounded to the nearest penny)
Therefore, the cost price of the smartphone is $5434.78.
So, the correct answer is option 'A' (5434.7).
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Community Answer
Amit sold a smartphone for 5000, incurring a loss of 8%. What was the ...
Let the cost price of the smartphone be x.
According to the question, Amit sold the smartphone for ₹5000, incurring a loss of 8%.
Loss = Cost Price - Selling Price
8% of x = x - ₹5000
(8/100)x = x - ₹5000
8x = 100(x - ₹5000)
8x = 100x - ₹500000
100x - 8x = ₹500000
92x = ₹500000
x = ₹500000/92
x ≈ ₹5434.78
Therefore, the cost price of the smartphone was approximately ₹5434.78.
According to the question, Amit sold the smartphone for ₹5000, incurring a loss of 8%.
Loss = Cost Price - Selling Price
8% of x = x - ₹5000
(8/100)x = x - ₹5000
8x = 100(x - ₹5000)
8x = 100x - ₹500000
100x - 8x = ₹500000
92x = ₹500000
x = ₹500000/92
x ≈ ₹5434.78
Therefore, the cost price of the smartphone was approximately ₹5434.78.
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Amit sold a smartphone for 5000, incurring a loss of 8%. What was the cost price of the smartphone?a)5434.7b)5200c)5600d)5800Correct answer is option 'A'. Can you explain this answer?
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