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Solution:
sold price(Sp)=7200
Loss percent=12%
Cost price(Cp)=?(Let x)
We know,
Sp=Cp -L% of Cp
or,7200= x - 12/100 * x
or,7200= x - 0.12x
or,7200=0.88x
or,7200/0.88=x
or,8181.8181= x
x=8181.8181
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