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Question

On selling a watch for Rs.11400, a shopkeeper losses 5%. For how much did he purchase it?

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Solution

From the question,
Shopkeeper selling a watch for =Rs.11400= Selling price
He loses on selling =5%
Cost price of watch,
CP=Rs.{(100/(100loss%))×SP}
={(100/(1005))×11400}
={(100/95)×11400}
=1140000/95
=Rs.12000

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