The cost of an article is ₹5,400. If the article was sold at 10% loss, calculate the selling price of that article.
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Solution
Cost Price (C.P.) = ₹5,400
Loss = 10%
Hence loss = 10100×₹5,400=₹540
So, Selling Price (S.P.) = C.P. - Loss
= ₹5,400 - ₹540
= ₹4,860
Hence, the selling price of the article is ₹4,860