The profit when an object is sold at Rs. 270 is 125% 12% less than the profit when the object is sold at Rs. 280. Then find the selling price of that object at a loss of 5%.
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Marked Price
The price on the label of an article/product is called the marked price or list price. This is the price at which product is intended to be sold. However, there can be some discount given on this price and the actual selling price of the product may be less than the marked price. It is generally denoted by MP.
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