Ryan bought a pair of shoes online and later sold them to his friend at 40% profit.
If he sold them for ₹7700, how much did he pay for the pair?
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Step-by-step explanation:
SP = ₹7700
Profit % = 40%
CP = SP × 100 / 100 + Profit %
= 7700 × 100 / 100 + 40
= 770000 / 140
= 77000/14
= ₹ 5500
Hence, The CP of the shoes Ryan bought = ₹5500
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