Answer:
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Let the cost price of the camera be x.
When the selling price is 60000 there is a loss of 20%. Let's show this as equation and find the cost price:
- x - 20% of x = 60000
- x - 0.2x = 60000
- 0.8x = 60000
- x = 60000/0.8
- x = 75000
The cost price is Rs 75000, and we need a profit of 12%, it gives us the selling price of:
- 75000 + 12% =
- 75000 + 0.12*75000 =
- 75000 + 9000 =
- 84000