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Ravi bought an old sofa for Rs. 6500 and spent Rs. 1200 on its renovation. For some reason he had to sell it at a loss of 17%. At what price did he sold the sofa?

Ravi bought an old sofa for Rs. 6500 and spent Rs. 1200 on its renovation. For some reason he had to sell it at a loss of 17%. At what price did he sold the sofa? Correct Answer Rs. 6391

Given:

Total cost price of sofa = Rs. 6500 + Rs. 1200

= Rs. 7700

Loss % = 17%

Formula used:

When an article is sold at a loss;

Then SP =  × CP

Calculation:

SP of the article =  × 7700

= (83/100) × 7700

= Rs. 6391

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