Question 49

An item was sold at Rs. 5840 at a loss of $$20\%$$. The cost price of the item was

Solution

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With a $$20\%$$ loss, the selling price is $$80\%$$ of the cost price. So $$0.8 \times CP = 5840$$, which gives $$CP = \frac{5840}{0.8} = 7300$$ rupees.

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