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On selling a table for Rs. 1974, Ramesh ...

On selling a table for Rs. 1974, Ramesh loses 6% . For how much did he puchase it?

A

Rs 1200

B

Rs 2500

C

Rs 1300

D

Rs 2100

Text Solution

AI Generated Solution

The correct Answer is:
To find out how much Ramesh purchased the table for, we can use the formula relating the selling price (SP), cost price (CP), and loss percentage. ### Step-by-Step Solution: 1. **Identify the given values:** - Selling Price (SP) = Rs. 1974 - Loss Percentage = 6% 2. **Understand the relationship between SP, CP, and Loss Percentage:** - When there is a loss, the relationship can be expressed as: \[ CP = \frac{100}{100 - \text{Loss Percentage}} \times SP \] 3. **Substitute the values into the formula:** - Loss Percentage = 6% - Therefore, we have: \[ CP = \frac{100}{100 - 6} \times 1974 \] 4. **Calculate the denominator:** - \(100 - 6 = 94\) 5. **Substitute this back into the equation:** - Now we have: \[ CP = \frac{100}{94} \times 1974 \] 6. **Calculate the multiplication:** - First, calculate \(100 \times 1974 = 197400\) - Now we need to divide this by 94: \[ CP = \frac{197400}{94} \] 7. **Perform the division:** - \(197400 \div 94 = 2100\) 8. **Conclusion:** - Therefore, the Cost Price (CP) of the table is Rs. 2100. ### Final Answer: Ramesh purchased the table for Rs. 2100. ---
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