By selling a watch for 1275, Javed lost 15%. What was the cost price?
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Answer:
Cost price = 1500
Step-by-step explanation:
Given
Selling price = 1275
Loss % = 15%
Cost price = ?
Cost price = selling price × 100 / (100 - loss%)
=> cost price = 1275 × 100 / (100-15)
=> cost price = 127500/85
=> cost price = 1500
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