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in Profit and Loss by (49.9k points)
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Find the CP when SP = ₹ 1755, gain = 12(1/2) %.

1 Answer

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Best answer

SP = ₹ 1755, gain = 12(1/2) %

Gain = 12(1/2) = 25/2

By using the formula, we have:

CP = ₹ {(100/ (100 + gain %)) × SP}

= {(100/ (100 + (25/2))) × 1755}

= {(100/ ((200 + 25)/2)) × 1755}

= {(200/ 225) × 1755}

= {351000/225}

= ₹ 1560

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