Subir uncle has sold a clock at the price Rs. 176. If the loss of Subir uncle is 12% by selling the clock. Let us calculate and observe that with how much money he has bought the clock.
Formula used.
Loss/profit percent =
× 100
Loss/profit percent =
× 100
12 =
× 100
12 =
× 100
12x = 100x – 17600
88x = 17600
x =
= 200
∴ Cost price of clock was Rs. 200
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