Ravi sold an almirah for ₨ 1840/- at a loss of 8%. At what price did he purchase it?
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Here is your answer:-
Selling price of Almirah = Rs. 1840
Loss = 8%
So Cost Price = S.P×100/100-Loss%
= 1840×100/100-8
= 1840×100/92
20×100= Rs. 2000.
2000 is your answer.
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