A shopkeeper sells a machine for rupees thousand and earn 5% profit find the CP
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Answer:the cost price is Rs.950
Step-by-step explanation:
We are given that the selling price of the machine is Rs.1000 and on this price the shopkeeper earns 5% profit.
Therefore 5% of 1000 is 50
Cost price is 1000-50= Rs.950
I hope this helps...
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