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Profit and Loss

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  1. Find the CP when SP is ₹ 400 and loss is 70 % ?
    1. ₹ 4000/3
    2. ₹ 5000/3
    3. ₹ 2000/3
    4. ₹ 7000/3
    5. None of the above
Correct Option: A

CP = (100/30) x 400 = ₹ 4000/3
[∵ CP = {100/(100 - Loss%)} x SP]


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