Find CP when
(i) SP = 530, gain = 6%
1
(ii) SP = 690, Loss = 2=%.
2
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Answers
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Answer:
i) Rs 500
ii) cp 707.6923
Step-by-step explanation:
i)
S.P.=(1+gain% /100)×C.P.
530=(1+0.06)×C.P.
530=1.06×C.P.
C.P.=Rs500
ii)
S.P.=(1-loss%/100)×C.P.
690=(1-2.5/100)×C.P.
690=(1-.025)×C.P.
690=0.975C.P.
C.P.=707.6923
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