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Question
The cost of a flower vase is Rs. 120. If the shopkeeper sells it at a loss of 10%, find the price at which it is sold.
Sum
Solution 1
Given: CP = Rs. 120 and Loss percent = 10.
Loss of 10% means if CP is Rs. 100, Loss is Rs. 10
Therefore,
SP would be Rs.(100 - 10) = Rs. 90
When CP is Rs. 100, SP is Rs. 90.
Therefore, if CP were Rs. 120 then
SP = `90/100 xx 120` = Rs. 108.
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Solution 2
Given: CP = Rs. 120 and Loss percent = 10.
Loss is 10% of the cost price
= 10% of Rs. 120
= `10/100 xx 120`
= Rs. 12
Therefore,
SP = CP - Loss = Rs. 120 - Rs. 12 = Rs. 108
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