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A shirt is sold for Rs. 1498 and the seller gains 7% on it. What is the cost price of the shirt ?
- a)1600
- b)1500
- c)1400
- d)1450
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
A shirt is sold for Rs. 1498 and the seller gains 7% on it. What is th...
Let the cost price of the shirt be Rs. x.
∴ x + 7% of x = 1498
⇒
⇒ 107x 1498 x 100
⇒
∴ x + 7% of x = 1498
⇒
⇒ 107x 1498 x 100
⇒
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Community Answer
A shirt is sold for Rs. 1498 and the seller gains 7% on it. What is th...
To find the cost price of the shirt, we need to first determine the selling price and the profit gained by the seller. Let's break down the problem step by step.
Step 1: Identify the given information
- Selling price of the shirt = Rs. 1498
- Profit gained by the seller = 7%
Step 2: Calculate the profit gained
To calculate the profit gained, we need to find 7% of the selling price.
Profit = 7% of Rs. 1498
Profit = (7/100) * 1498
Profit = 104.86
Step 3: Calculate the cost price
To find the cost price, we subtract the profit gained from the selling price.
Cost price = Selling price - Profit
Cost price = Rs. 1498 - Rs. 104.86
Cost price = Rs. 1393.14
Step 4: Round off the cost price
Since the cost price is given in rupees, we need to round off the answer to the nearest rupee.
Cost price = Rs. 1393 (rounded off)
Therefore, the cost price of the shirt is Rs. 1393.
Step 1: Identify the given information
- Selling price of the shirt = Rs. 1498
- Profit gained by the seller = 7%
Step 2: Calculate the profit gained
To calculate the profit gained, we need to find 7% of the selling price.
Profit = 7% of Rs. 1498
Profit = (7/100) * 1498
Profit = 104.86
Step 3: Calculate the cost price
To find the cost price, we subtract the profit gained from the selling price.
Cost price = Selling price - Profit
Cost price = Rs. 1498 - Rs. 104.86
Cost price = Rs. 1393.14
Step 4: Round off the cost price
Since the cost price is given in rupees, we need to round off the answer to the nearest rupee.
Cost price = Rs. 1393 (rounded off)
Therefore, the cost price of the shirt is Rs. 1393.
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A shirt is sold for Rs. 1498 and the seller gains 7% on it. What is the cost price of the shirt ?a)1600b)1500c)1400d)1450Correct answer is option 'C'. Can you explain this answer? for Class 8 2026 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about A shirt is sold for Rs. 1498 and the seller gains 7% on it. What is the cost price of the shirt ?a)1600b)1500c)1400d)1450Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 8 2026 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shirt is sold for Rs. 1498 and the seller gains 7% on it. What is the cost price of the shirt ?a)1600b)1500c)1400d)1450Correct answer is option 'C'. Can you explain this answer?.
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