SP is equal to 1950 and loss is equal to 2.5 % what is CP
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Answer:
CP = ₹ 2,000
Step-by-step explanation:
Selling price = ₹ 1,950
Loss = 2.5%
Suppose the cost price = ₹ x
we can calculate the selling price using the following formula
x(1 - 0.025) = 1,950
=> x (0.975) = 1,950
=> x = 1,950 / 0.975
=> x = ₹ 2,000
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