{"id":81314,"date":"2024-02-17T08:44:00","date_gmt":"2024-02-17T03:14:00","guid":{"rendered":"https:\/\/ccssmathanswers.com\/?p=81314"},"modified":"2024-02-17T11:16:48","modified_gmt":"2024-02-17T05:46:48","slug":"calculate-selling-price-using-cost-and-loss-percent","status":"publish","type":"post","link":"https:\/\/bigideasmathanswers.com\/calculate-selling-price-using-cost-and-loss-percent\/","title":{"rendered":"Calculate Selling Price using Cost and Loss Percent &#8211; Formula, Worked Out Problems"},"content":{"rendered":"<p>The amount of a thing that can be sold is known as the Selling Price. It is denoted by SP. Also, the Selling Price is also called the sale price. The selling price can be calculated when the Cost price and Loss Percent are given. Solve all the given related to Selling price problems to get a complete grip on the concept. Also, check out the given explanation of problems to find the Selling Price using Cost and Loss Percent in the later modules.<\/p>\n<p>Also, See:<\/p>\n<ul>\n<li><a href=\"https:\/\/ccssmathanswers.com\/calculate-cost-price-using-sell-price-and-loss-percent\/\">Calculate Cost Price using Sell Price and Loss Percent<\/a><\/li>\n<li><a href=\"https:\/\/ccssmathanswers.com\/calculate-cost-price-using-sell-price-and-profit-percent\/\">Calculate Cost Price using Sell Price and Profit Percent<\/a><\/li>\n<li><a href=\"https:\/\/ccssmathanswers.com\/calculate-profit-and-profit-percent\/\">Calculate Profit and Profit Percent<\/a><\/li>\n<li><a href=\"https:\/\/paisaalgo.com\/banknifty-pivots-calculator\/\">BANKNIFTY Pivot Point Calculator<\/a><\/li>\n<\/ul>\n<h2>How to Calculate Selling Price Using Cost and Loss Percent?<\/h2>\n<p>Follow the complete process to find out the Selling Price Using Cost and Loss Percent. Also, know the Cost Price Formula to solve all the problems easily.<\/p>\n<p>1. Note down the Cost Price and Loss Percent.<br \/>\n2. Write Down the Selling Price Formula.<br \/>\n3. Substitute the Cost Price and Loss Percent in the Selling Price Formula.<br \/>\n4. Finally, find out the Selling Price Using Cost Price and Loss Percent.<\/p>\n<h3>Selling Price Formula when Cost and Loss Percent are Known<\/h3>\n<p>You can use the below formula to find the Selling Price of a product when you know the Cost and Loss Percent of that product. The formulas for Selling Price Formula when Cost and Loss Percent Known are<\/p>\n<ul>\n<li>Selling price = cost price &#8211; loss<\/li>\n<li>Selling price = cost price &#8211; loss% \u00d7 cost price\/100<\/li>\n<li>Selling price = 100 \u00d7 cost price &#8211; loss% \u00d7 cost price\/100<\/li>\n<li>Selling price = (100 &#8211; loss%)cost price\/100, [Here, cost price and loss% are known.]<\/li>\n<\/ul>\n<h3>Solved Examples to Find Selling Price using Cost and Loss Percent<\/h3>\n<p>1. Sam bought a dress for $250 and sold it to Olivia thereby suffering a loss of 10%. Find the selling price of the dress?<\/p>\n<p>Solution:<br \/>\nGiven that Sam bought a dress for $250 and sold it to Olivia thereby suffering a loss of 10%.<br \/>\nThe cost price = $250<br \/>\nLoss Percentage = 10%<br \/>\nWe know that selling price = (100 &#8211; loss%) cost price\/100<br \/>\nSubstitute the cost price and the loss% in the above formula.<br \/>\nSelling price = (100 &#8211; 10)250\/100<br \/>\nSelling price = 90 \u00d7 250\/100<br \/>\nThe Selling price = $22500\/100 = $225<\/p>\n<p>Therefore, the Selling price of the dress is $225<\/p>\n<p>2. Alex bought a laptop for $600 and sold it to Jack thereby suffering a loss of 12%. Find the selling price of the laptop?<\/p>\n<p>Solution:<br \/>\nGiven that Alex bought a laptop for $600 and sold it to Jack thereby suffering a loss of 12%.<br \/>\nThe cost price = $600<br \/>\nLoss Percentage = 12%<br \/>\nWe know that selling price = (100 &#8211; loss%) cost price\/100<br \/>\nSubstitute the cost price and the loss% in the above formula.<br \/>\nSelling price = (100 &#8211; 12)600\/100<br \/>\nSelling price = 88 \u00d7 600\/100<br \/>\nThe Selling price = $52800\/100 = $528<\/p>\n<p>Therefore, the Selling price of the dress is $528<\/p>\n<p>3. By selling a table for $630, Daisy loses 7%. At what price must she sell it to gain 10%.<\/p>\n<p>Solution:<br \/>\nGiven that By selling a table for $630, Daisy loses 7%.<br \/>\nGiven that the selling price = $ 630<br \/>\nLoss % = 7%<br \/>\nWe know, cost price = selling price \u00d7 100\/100 &#8211; loss%<br \/>\nSubstitute the selling price and the loss% in the above formula.<br \/>\nTherefore, cost price = 630 \u00d7 100\/(100 &#8211; 7)<br \/>\n= 630 \u00d7 100\/93<br \/>\n= $677.41<br \/>\nNow cost price = $677.41<br \/>\nGain% = 10%<br \/>\nTherefore, selling price = (100 + gain%)cost price\/100<br \/>\n= (100 + 10)677.41\/100<br \/>\n= 110 \u00d7 6.77<br \/>\n= $744.7<\/p>\n<p>At $744.7 price she can sell it to gain 10%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The amount of a thing that can be sold is known as the Selling Price. It is denoted by SP. Also, the Selling Price is also called the sale price. The selling price can be calculated when the Cost price and Loss Percent are given. Solve all the given related to Selling price problems to &#8230; <a title=\"Calculate Selling Price using Cost and Loss Percent &#8211; Formula, Worked Out Problems\" class=\"read-more\" href=\"https:\/\/bigideasmathanswers.com\/calculate-selling-price-using-cost-and-loss-percent\/\" aria-label=\"More on Calculate Selling Price using Cost and Loss Percent &#8211; Formula, Worked Out Problems\">Read more<\/a><\/p>\n","protected":false},"author":3,"featured_media":81349,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[5],"tags":[],"jetpack_featured_media_url":"https:\/\/bigideasmathanswers.com\/wp-content\/uploads\/2021\/03\/Calculate-Selling-Price-using-Cost-and-Loss-Percent.png","_links":{"self":[{"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/posts\/81314"}],"collection":[{"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/comments?post=81314"}],"version-history":[{"count":2,"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/posts\/81314\/revisions"}],"predecessor-version":[{"id":92914,"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/posts\/81314\/revisions\/92914"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/media\/81349"}],"wp:attachment":[{"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/media?parent=81314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/categories?post=81314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigideasmathanswers.com\/wp-json\/wp\/v2\/tags?post=81314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}