By selling a book for Rs 50, a shopkeeper suffers a loss of 10%. The cost price of the book is Rs 60.
False
Given, SP = 50 and loss percent = 10%
⇒ Loss% =
× 100%
⇒ Loss% =
× 100
⇒ 10 CP = 100CP –SP×100
⇒ 90CP = 5000
⇒ CP = ![]()
= 55.55
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