Finding Prices / Charges Related to Buying and Selling
On selling a ...
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/(100−loss%))×SP} ={(100/(100−5))×11400} ={(100/95)×11400} =1140000/95 =Rs.12000