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The difference between cost price and se...

The difference between cost price and selling price is Rs 12.54. If loss percentage is 33%, then what is the cost price (in Rs)?

A

35.44

B

50.54

C

41

D

38

Text Solution

AI Generated Solution

The correct Answer is:
To find the cost price based on the given information, we can follow these steps: ### Step 1: Understand the relationship between cost price (CP), selling price (SP), and loss. The loss is defined as: \[ \text{Loss} = \text{Cost Price} - \text{Selling Price} \] ### Step 2: Set up the equations. Given that the loss is Rs 12.54, we can express this as: \[ \text{CP} - \text{SP} = 12.54 \] Also, we know that the loss percentage is 33%. This can be expressed in terms of cost price: \[ \text{Loss Percentage} = \frac{\text{Loss}}{\text{CP}} \times 100 \] So, we can write: \[ \frac{12.54}{\text{CP}} \times 100 = 33 \] ### Step 3: Rearranging the loss percentage equation. From the above equation, we can rearrange it to find CP: \[ 12.54 = 0.33 \times \text{CP} \] Now, we can solve for CP: \[ \text{CP} = \frac{12.54}{0.33} \] ### Step 4: Calculate the cost price. Now we perform the division: \[ \text{CP} = \frac{12.54}{0.33} \approx 38.00 \] ### Step 5: Conclusion. Thus, the cost price is approximately Rs 38.00. ### Summary: The cost price (CP) is Rs 38.00. ---
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