The selling price of merchandise is $1800. By selling it at a discount of 15%. It gives a loss of 4%. What is the cost price?
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Answer:
2117.64 or 3900÷17
Step-by-step explanation:
we have the formula
cost price = 100÷100-loss percent × selling price
cp = 100÷100-15× 1800
cp=100÷85×1800
cp= 2117.64 or 3900÷17
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