Find the S.P. when C.P.=₹12.50;LOSS=40/3.
To find the selling price (SP) when the cost price (CP) is ₹12.50 and the loss is 40/3, we can use the formula:
SP = CP - Loss
First, let's calculate the loss. The loss is given as 40/3. To convert the loss to a decimal, divide the numerator (40) by the denominator (3):
Loss = 40/3 = 40 ÷ 3 = 13.3333 (rounded to four decimal places)
Now, we can substitute the values into the formula to find the selling price:
SP = CP - Loss
SP = ₹12.50 - 13.3333
SP = -₹0.8333 (rounded to four decimal places)
The selling price when the cost price is ₹12.50 and the loss is 40/3 is approximately -₹0.8333. Please note that a negative selling price implies a loss.
Especially if we are from different backgrounds, don't assume that we know what abbreviations mean.
What are S.P. and C.P.?