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DIA [1.3K]
2 years ago
14

A retailer sold an electric item to a customer at a loss of 10 percent the customer purchase it for rs 25425 including 13, perce

nt VAT calculate the cost price of the electric item to the retailer
Mathematics
1 answer:
Mashutka [201]2 years ago
5 0

Answer: Rs 25,000

Step-by-step explanation:

Given

Retailer sold an electric iron to a customer at a loss of 10%

Suppose the Cost price of iron is x

So, selling price is 0.9x

This price must be equal to 25425+ VAT

\Rightarrow 0.9x=25425-0.13(0.9x)\\\Rightarrow 0.9x+0.117x=25425\\\Rightarrow 1.017x=25425\\\Rightarrow x=\text{Rs }25,000

Thus, the cost price is Rs.25,000

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