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CBSE Class 11-science Answered

A shopkeeper’s selling price of his product is five times of the cost price. Find his minimum Cost Price, if his profit is atleast Rs 300.

Asked by Topperlearning User | 04 Jun, 2014, 01:23: PM

Expert Answer

Let the Cost price be Rs x

Then, Selling price = Rs 5x

Now,

Selling price – Cost Price

Minimum Cost Price = Rs x = Rs 75

Answered by | 04 Jun, 2014, 03:23: PM

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