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If Sameer buys a book for 500 RS and sells at a loss of 3% how much RS did he sell the book at? 485
  1. Rs. 485
  2. Rs. 490
  3. Rs. 495
  4. Rs. 515
Explanation

To calculate the selling price after a 3% loss, use the formula:

Selling Price = Cost Price × (1 - Loss%)  

= 500 × (1 - 0.03)  

= 500 × 0.97 = Rs. 485


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