A shopkeeper sold a table for Rs.8413, he loses 6% of its cost price. Find the cost price of the table?
Answer: Rs.8950
Explanation
Given:
Selling price (SP) = Rs. 8413
Loss percentage = 6%
Let's denote the cost price as CP.
Since the shopkeeper loses 6%, the selling price is 94% of the cost price (100% - 6% = 94%).
SP = 0.94 × CP
8413 = 0.94 × CP
CP = 8413 / 0.94
CP = 8950
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