Joan sold her mobile phone at a loss of 12%. If her buying price and selling price were higher by Rs. 5,000 then the loss would have been 8%. What was her original selling price?
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Answer:
8800
Step-by-step explanation:
Let say Cost Price = 100C
Loss 12% = (12/100) 100C = 12C
Selling Price = 100C - 12C = 88C
If her buying price and selling price were higher by Rs. 5,000
Then Cost Price = 100C + 5000
Selling Price = 88C + 5000
Loss = 8 %
= (8/100) * (100C + 5000)
= 8C + 400
Selling Price = 100C + 5000 - (8C + 400) = 92C + 4600
92C + 4600 = 88C + 5000
=> 4C = 400
=> C = 100
Original Selling price = 88C = 88*100 = 8800
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