A book was bought for Rs 375 and sold at a loss of 5% . Find the selling price of the book.

 Given: A book was bought for Rs 375 and sold at a loss of 5% .

To do: Find the selling price of the book.

Solution: 

Let the selling price be = Rs $x$

Cost price of the book = Rs375

Loss percentage at which the book was sold : 5%

Loss= CP$-$SP= 375-$x$

Loss%= $\frac{375-x}{375}\times100$

$5    =\frac{37500-100x}{375}$ 

$5\times375=37500-100x$

$1875=37500-100x$

$100x=37500-1875$

$x=\frac{35625}{100}$

$x=356.26$

Therefore, the SP is Rs 356.26

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Updated on: 10-Oct-2022

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