what is the cost price of a bag if its selling price is rupees 6900 and the profit percentage is 15%
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Selling price of bag= ₹6900
Profit percentage= 15%
Cost price will be 15% less than selling price as cost price is always less and selling price is more during profit.So, cost price will be:-
₹6900-(15% of ₹6900)
₹6900-(15×69)
₹6900-₹1035
₹4865
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Rs 6000
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