Question

Let the C.P. be Rs x. If a shopkeeper makes 12% loss by selling a watch for Rs 484, find C.P.
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Answer 1

To find the cost price (C.P.) of the watch, we need to use the following formula:

C.P. = Selling Price / (1 - Loss Percentage)

In this case, we know that the Selling Price is Rs 484 and the Loss Percentage is 12%. To use this formula, we first need to convert the Loss Percentage to a decimal:

12% = 0.12

Now we can plug in the values into the formula:

C.P. = 484 / (1 - 0.12)

Solving for C.P., we get:

C.P. = 484 / 0.88

C.P. = Rs 550

Therefore, the cost price (C.P.) of the watch is Rs 550.