By selling a pen for ₹72, Riya loses 40%. Find the cost price of the pen.
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Given:
We have selling price of pen=72, loss%=40
To Find:
Cost price of pen?
Step-by-step explanation:
- Let the cost price be x
Then loss will be = C.P-S.P=x-72
- Since, we have selling price=Rs. 72
- Loss% is given by the formula
[tex]loss\%=\frac{Loss}{CP} \times100\\ 40=\frac{(x-72)}{x} \times100\\ x=\frac{100}{40} (x-72)\\ 2x=5x-150\\ -3x=150\\ x=50[/tex]
Thus,cost price will be Rs. 50
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