Ashopkepper sold a bicycle at a loss of 10 percent for 450 . Find the cost price
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Answer:
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Answered by
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Step-by-step explanation:
Solution:
Selling price of a bicycle
(s.p)= Rs450
Loss(L) = 10%
Let cost price = c.p
c.p = (s.p × 100)/(100-L)
= (450×100)/(100-10)
= (450×100)/90
= 5 × 100
= Rs500
Therefore,
Cost price of the bicycle = Rs500
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