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Question
An old machine is bought for Rs. 1,400 and is sold at a loss of 15%. Find its selling price.
Solution
C.P. of the machine = Rs. 1400
Loss = 15%
∴ S.P. =`("C.P"(100 - "Loss" %))/100`
`= (1400(100 - 15))/100`
= Rs. `(1400 xx 85)/100`
= Rs. 1190
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