a shopkeeper sells an old model refrigerator for $352 at a loss of 12% on the cost.how much money did he lose?The answer is $48 but i want to know the steps to get this $48.
2007-02-02 18:34:54 · 22 answers · asked by Kenneth Koh 5 in Science & Mathematics ➔ Mathematics
Hi,
12% loss => selling price is 100%-12%=88% of the cost price
88% ----- $352
1% ----- $352/88
12% ----- 12 x $352/88 = $48
Good luck,
grinmonzter
http://sg.auctions.yahoo.com/sg/user/grinmonzter
http://sg.pg.photos.yahoo.com/ph/grinmonzter/my_photos
2007-02-09 02:13:57 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You payed 400 for the refrigerator. The percentage is the last thing you would know. You paid 400 and sold it for 352. The 352 is 88% of the cost. 352/400 = 88%. The loss of this is 100% - 88% = 12% Or 48 is 12 percent of 400, 48/400 = 12%
2007-02-03 02:58:06 · answer #2 · answered by Ron H 6 · 0⤊ 0⤋
here's an more clear answer
100% - 12% = 88%
88% = $352
1% = $352/88
= $4
12% = $4 x 12
= $48
So the shopkeeper lost $48.
I work this question before. This was the accurate answer given by my teacher.
2007-02-03 03:37:07 · answer #3 · answered by Anonymous · 0⤊ 0⤋
$352 = 88 %
$400 = 100 %
$48 = 12%
2007-02-03 02:58:15 · answer #4 · answered by green_maths_scout 2 · 0⤊ 0⤋
Step 1. Original price = 100%
Step 2. Loss = 12%. Therefore, $352 = 88% of original price.
Step 3. So: Original price = 100% = (352 ÷ 88) x 100
= 4 x 100 = $400.
Step 4. Loss = 400 - 352 = $48.00
2007-02-07 13:03:53 · answer #5 · answered by Norrie 7 · 1⤊ 0⤋
If the shopkeeper lost 12%, the selling price had to be 88% (100 - 12) of the cost. The cost then was
$352/0.88, and the loss was 0.12*$352/0.88 = $48
2007-02-03 03:37:03 · answer #6 · answered by Helmut 7 · 0⤊ 0⤋
See, the procedure is like this:
You have to take the cost price as 100 and selling price after 12 percent loss becomes 88. now you have to take that in selling price 88 is to $352. Then it will be like this:
Cost price Selling Price
100 88
x $352
To Find x you will have to do this
x= 100 * $352 whole divided by 88.
If you divide $352 by 88, you will get $4. Multiply that will 100 and you will get the cost price as $400. to get the loss minus the selling price from cost price, and there is your answer. Loss=$400-$352=$48
2007-02-03 03:04:39 · answer #7 · answered by Tanuj 1 · 0⤊ 0⤋
100%-12%=88%
88% of X=352
352/88*100
=400
400-352=48
2007-02-10 21:09:39 · answer #8 · answered by George 3 · 0⤊ 0⤋
let the original price be x
$352 is 88% of the original price
88/100 * x = 352
x = 35200/88 $400
the loss is $400 - $352 = $48
2007-02-03 05:58:01 · answer #9 · answered by ladysarah 2 · 1⤊ 0⤋
352/X(88/100) 352 is 88% of the orginal price
that equals 400
400-352=48
2007-02-03 02:41:30 · answer #10 · answered by animal_lover 1 · 4⤊ 0⤋