On selling a watch for Rs 11,400 a shopkeeper loses 5% for how much did he purchase it?
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Answer: ₹12,000
Explanation:
S.P. ₹11400
C.P.=
(S.P×100÷100-LOSS)
11400×100÷95= ₹12000
Hence C.P. is ₹12,000
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