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A shopkeeper purchases a table and sells...

A shopkeeper purchases a table and sells it for Rs. 4200. If he incurs a loss of 20%, find the cost price of table.

A

Rs.5200

B

Rs.5052

C

Rs.5150

D

Rs.5250

Text Solution

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The correct Answer is:
To find the cost price of the table when the selling price and the loss percentage are given, we can follow these steps: ### Step-by-Step Solution: 1. **Identify the given values**: - Selling Price (SP) = Rs. 4200 - Loss Percentage = 20% 2. **Understand the relationship between Selling Price, Cost Price, and Loss**: - When there is a loss, the Selling Price is less than the Cost Price. The relationship can be expressed as: \[ SP = CP \times \left(1 - \frac{\text{Loss Percentage}}{100}\right) \] 3. **Rearranging the formula to find Cost Price (CP)**: - We can rearrange the formula to solve for CP: \[ CP = \frac{SP}{1 - \frac{\text{Loss Percentage}}{100}} \] 4. **Substituting the values into the formula**: - Substitute SP = 4200 and Loss Percentage = 20% into the formula: \[ CP = \frac{4200}{1 - \frac{20}{100}} = \frac{4200}{1 - 0.20} = \frac{4200}{0.80} \] 5. **Calculating the Cost Price**: - Now, calculate the value: \[ CP = \frac{4200}{0.80} = \frac{4200 \times 100}{80} = \frac{420000}{80} \] - Simplifying this: \[ CP = 5250 \] 6. **Conclusion**: - Therefore, the Cost Price of the table is Rs. 5250. ### Final Answer: The cost price of the table is Rs. 5250. ---
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