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Question
Find the cost price, if :
S.P. = Rs. 1,680 and profit = 12%
Solution
S.P. = Rs.1,680, Profit = 12%
C.P.=`100/((100+"profit"))xx"S.P."`
∴ C.P.=`100/((100+12))xx1680`
`=(100xx1680)/112=(25xx1680)/28`
= 25 × 60
= Rs.1500
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