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Question

CP of an item is Rs450. If it is sold at a loss of 10%, then its SP =............. [Rs500/Rs405]


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Solution

Given ,

CP of an item =Rs450

Loss percent, loss%= 10%

SPof an item =..........

Note :

We have the formula to find SP , When CP and loss% is given ,

i.e. SP=CP(100-loss%)100

So,

SP =450(100-10)100

=450×90100

=40500100 ( on dividing 40500by 100, we get 405)

=405

Therefore, SP=405.

Hence, the answer for given blank is Rs405.


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