The selling price of a sofa set is 7000.00. If the loss percentage is 12.5% the cost price would be
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11
Answer:
Step-by-step explanation:
Whenever there is a loss the selling price is always lower than the buying price.
That means:
Buying price = Selling price + loss
Now, the cost price / buying price is always 100%.
Since the loss is 12.5% the selling price will be :
100% - 12.5% = 87.5%
Now :
87.5% = 7000
100% =?
100/87.5 × 7000 = 8000
The cost price will therefore be :
= 8000
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Answer:
Step-by-step explanation:
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