Profit and loss

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The owner of a furniture shop charges his customers 12% more than the cost price. If a customer paid Rs. 14,056 for a dining lable. What is the cost price of the dining table?

Rs. 14,000

Rs. 12,500

Rs. 13,540

None of these

Explanation:

sp=14056
gain%=12
cp=14056/1.12=12550

By: MIRZA SADDAM HUSSAIN

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