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Question

Kavita sold her car for INR 77,000 and made a profit of 10% , at what price did she buy the car?

Solution
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Consider the question,
Selling price (S.P.)=77,000
Profit%=10%
Cost price(C.P.)=?

We know that,
Profit%=Selling price-Cost priceCost price×100

10=77000C.P.C.P.×100
110×C.P=77,00,000
C.P=70,000

Hence, the cost price of the car is Rs. 70,000

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