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    Question

    A speaker was sold for Rs. 13,920 after earning 16% profit.

    What is its cost price?
    A Rs.7,000 Correct Answer Incorrect Answer
    B Rs.12,000 Correct Answer Incorrect Answer
    C Rs.15,000 Correct Answer Incorrect Answer
    D Rs.20,000 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Cost price of speaker = 13920 / 1.16 = Rs. 12,000

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