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What is the loss and the cost price of gold chain sold at shs1500000 suffering a loss of 25 percent of the cost price?
Wiki User
∙ 11y ago
Did you mean "Dan sold a gold chain at shs1,500,000. He lost 25% of the cost he paid. What was Dan's cost and how much did he loose?"
shs1,500,000 is (1 - 25%) of cost price
1,500,000 = (1 - .25) * cost price
1,500,000 = .75 * (cost price)
1,500,000/.75 = cost price
cost price = shs2,000,000
total loss was 2,000,000 - 1,500,000 = shs500,000
Wiki User
∙ 11y ago
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