A camera when sold for Rs.1674 resulted in a loss of 7%. What was the C.P. of the camera?
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Step-by-step explanation:
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Answer:
Cost price of camera = Rs. 1800
Step-by-step explanation:
Given,
The selling price of the car = Rs.1674
Loss % = 7%
To find
The cost price of the camera
Recall the concepts
Loss = cost price - selling price
Solution:
Let us take the cost price of the camera be 100
Since loss % is 7%
Loss if the cost price is 100 = Rs. 7
We have selling price = Cost price - loss
Selling price of the camera if cost price is Rs. 100 = Rs. 93
If the selling price is 93, then the cost price is 100
If the selling price is 1, then the cost price is
If the selling price is Rs.1674, then the cost price is ×1674
= Rs. 1800
∴ The Cost price of camera = Rs. 1800
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