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Discussion

  1. If a person sells a wooden furniture at 8% profit against 8% loss, then he could had earned Rs12 more. What is the cost price of furniture?
    1. 72
    2. 70
    3. 80
    4. 75
  1. Correct Option: D

    Let Cost Price (CP) = x
    Then Selling Price(SP) if he sells at profit = x(1+8%) = 1.08x
    and SP, if he sells at loss = x(1-8%) = 0.92%
    Given, 1.08%-0.92% = Rs12
    0.16x = Rs.12
    ⇒x = Rs.75


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