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26 January, 15:01

an item was sold at loss of 20%. had it been sold for rs3000 more then the profit would have been 10%. What is the cost price of the item

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  1. 26 January, 18:54
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    10000

    Step-by-step explanation:

    Assumed that the cost price of the item is x.

    It was sold at a loss of 20%:

    therefore the price sold was 0.8x

    If it was sold at a profit of 10%:

    the price sold would have been 1.1x

    Since the difference in price is 3000:

    1.1x - 0.8x = 3000

    0.3x = 3000

    x = 10000
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