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boyakko [2]
3 years ago
8

ii. A machine is sold for 7,000/-. The gross loss is 20% of the cost. What are the cost and gross loss?

Mathematics
1 answer:
aleksley [76]3 years ago
8 0

Given:

Selling price of a machine = 7000/-

Gross loss = 20%.

To find:

The cost and gross loss.

Solution:

Let x be the cost of machine.

According to the question,

x-20\%\text{ of }x=7000

x-\dfrac{20}{100}x=7000

x-0.2x=7000

0.8x=7000

Divide both sides by 0.8.

x=\dfrac{7000}{0.8}

x=8750

So, the cost of the machine is 8750/-.

Now,

\text{Gross Loss}=\text{Cost}-\text{Selling price}

\text{Gross Loss}=8750-7000

\text{Gross Loss}=1750

Therefore, the gross loss is 1750/-.

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