Question

A shopkeeper sold a furniture for rs 32000 and lost 20% . calculate the maximum retail price

Answer 1

Here is the answer 

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Let the retail price be y

 

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he lost 20% by selling it at 32000.

 

 

  means he sold the item at 80% of retail price.

 

  80 y/100=32000

 

  y=40000


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maximum retail price is 40,000

Answer 2

Finding loss
=20/100*32000
=8000
Cost price of the furniture=32000 + 8000
                                           =40000 Rupees