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The Cost Price (CP) is ₹6700.
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The Deep Dive
To find the cost price (CP) when the selling price (SP) is ₹5025 and there’s a loss of 25%, you can use the formula:
In this case, it’s:
So, the cost price is ₹6700!
Remember, with a loss of 25%, you’re effectively selling your goods for only 75% of their original value. So every time you think about selling something at a loss, just imagine what it could’ve been worth! Make sure to always calculate whether a discount is worth giving!