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A dealer sold a house for Rs.150000 by making a profit of Rs. 8000. Find the cost price of the house.
Given:
S.P of the House = Rs.1,50,000
Profit made = Rs.8,000
To do:
We have to find the C.P of the house.
Solution:
We know that,
Profit = S.P $-$ C.P
So, C.P = S.P $-$ Profit
Therefore,
C.P = Rs.1,50,000 $-$ 8,000
C.P = Rs.1,42,000
Therefore, the cost price of the house is Rs.1,42,000.
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