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Question

Find the cost price when $$SP=₹1596$$ and $$Gain=₹12\%$$.


Solution

As the formula states $$CP=(100/(100+Gain\%))\times SP$$
$$=(100/(100+12))\times1596$$
$$=(100/112)\times1596$$
$$=1425$$
$$\therefore$$ The cost price is $$₹1425$$

Mathematics

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