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Question

This how I answered, is it right method?

Cp=375

Loss percentage= 10%

Sp= x

X/375= 10/100

100-10=90

375×90/100= 337.5

X= 3375.5

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Solution

Yes it is a right method.

Given, there is a 10% loss it means, the product will be sold at a cost that is 90% of CP.

So, answer will be 90/100 * 375 = 337.5.

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