Profit and loss

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Indian Economy - Understanding the basics of Indian economic system

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Mr. Verma sold his scooter for Rs. 10,500 at a gain of 5%. Find the cost price of the scooter.

Rs. 10,300

Rs. 10,700

Rs. 10,000

None of these

Explanation:

C.P * 105 % = 10,500

C.P = 10,500 * 100/105 = 10,000

By: Deepak Dawra

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