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A gold bracelet is sold for Rs 14500 at a loss of 20%. what is the cost price of the gold bracelet? Rs 18125 Rs 17400 Rs 15225 Rs 16800

Question

A gold bracelet is sold for Rs 14500 at a loss of 20%. what is the cost price of the gold bracelet? Rs 18125 Rs 17400 Rs 15225 Rs 16800

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Solution

The cost price of an item is calculated using the formula:

Cost Price = Selling Price / (1 - Loss %)

In this case, the selling price is Rs 14500 and the loss is 20% or 0.20.

So, the cost price of the gold bracelet would be:

Cost Price = 14500 / (1 - 0.20) = Rs 18125

So, the cost price of the gold bracelet is Rs 18125.

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