By selling a thing for Rs. 1344 loss 1/7 of cost price. What is the cost price?
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Let the Cost Price was x
Here given that Loss = (1/7) of CP or (1/7)×CP
Selling Price given is Rs. 1344
We know that, if there is a loss then
Cost Price - Loss = SP
∴ Cost Price = Rs. 1568
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