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Jack sold a jacket for 1800/=. He made a loss of 10%how much had he bought the jacket
Business/Management
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Step 1: Determine the percentage of the cost price that the selling price represents. A loss of means that the selling price is of the original cost price.
Step 2: Set up an equation using the given information. Let the cost price be . The selling price (SP) is . So, of is .
Step 3: Solve for the cost price . Jack had bought the jacket for .
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Step 1: Determine the percentage of the cost price that the selling price represents. A loss of 10\% means that the selling price is 100\% - 10\% = 90\% of the original cost price. Step 2: Set up an equation using the given information. Let the cost price be C. The selling price (SP) is 1800/=. So, 90\% of C is 1800/=. 0.90 × C = 1800 Step 3: Solve for the cost price C. C = (1800)/(0.90) C = (1800)/(9)10 C = 1800 × (10)/(9) C = (18000)/(9) C = 2000 Jack had bought the jacket for 2000/=.