Jack sold a jacket for 1800/=. He made a loss of 10%how much had he bought the jacket

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/=.

Jack sold a jacket for 1800/=. He made a loss of 10%how much had he bought the jacket

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/=.

Solved: Jack sold a jacket for 1800/=. He made a loss of…

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.
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 $1800/=$ .
$0.90 \times C = 1800$
Solve for the cost price $C$ .
$C = \frac{1800}{0.90}$ $C = \frac{1800}{\frac{9}{10}}$ $C = 1800 \times \frac{10}{9}$ $C = \frac{18000}{9}$ $C = 2000$
Jack had bought the jacket for $\text{2000/=}$ .

Jack sold a jacket for 1800/=. He made a loss of 10%how much had he bought the jacket

Answer

Step-by-step solution

Determine the percentage of the cost price that the selling price represents.

Set up an equation using the given information.

Solve for the cost price $C$ .

Try one yourself

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More Business/Management Questions

Jack sold a jacket for 1800/=. He made a loss of 10%how much had he bought the jacket

Answer

Step-by-step solution

Determine the percentage of the cost price that the selling price represents.

Set up an equation using the given information.

Solve for the cost price CCC.

Try one yourself

Still stuck on this one?

More Business/Management Questions

Solve for the cost price $C$ .