Savita bought a buffalo and sold it for 14880 at 7% loss. what is the price at which she bought it
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Step-by-step explanation:
Sarita lost 7% and sold for rs.14880.
(7% loss implies selling price is 93% if cost is 100%)
93% is 14880
100% is (14880/93)x100
= (4960/31)x100
= 160 x 100 = 16000
Cost of Sarita's buffalo is Rs.16000
[Mentally: 93% is 14880; 100% is 14880/0.93 = 16000]
Cost of Salma's buffalo is Rs.16000
Profit 5%
(5% profit implies, if cost is 100%, selling price is 105%)
100% is 16000
105% is (16000 / 100) x 105
= 160 x 105 = 16800 Ans
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