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A shopkeeper in Patna sold the table fan at the price shown and made the profit shown. What was his cost price?

Class 7Profit and LossComparing Quantities
  • A₹ 1,173
  • B₹ 1,587
  • C₹ 1,200
  • D₹ 1,365

Step-by-Step Solution

SP is 115% of CP: . Taking 15% off the SP (₹ 1,173) is wrong, because the profit is a percentage of the CP.
Answer: C) ₹ 1,200

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