What is the cost price of a bed if after selling it for Rs. 11500, the seller incurs loss of 20% ?
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Answer:
let the cost price be x
therefore loss =(20/100)*x=2x/10
Cost price-loss =selling price
x-(2x/10)=11500
by taking LCM
10x-2x= 115000
8x=115000
x=Rs. 14375
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