A man sold an article at * 50 and incurred a loss of 5% on the selling .What is the cost price of the article ?
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Answer:
CP = Rs 52.63
Step-by-step explanation:
SP = CP - LOSS
50= CP - 5/100 × CP
= CP - CP/20
= (19×CP)/20
CP = (50 × 20 )/19 = 52.63
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