On selling 13 buckets at Rs. 550, there is a loss equal to the cost price of 3 buckets. The cost price of a bucket is :
Solution: (C.P. of 13 buckets) - (S.P. of 13 buckets) = (C.P. of 3 buckets)
=> C.P. of 10 buckets = S.P. of 13 buckets = Rs. 550.
=> C.P. of 1 bucket = 550/10 = Rs. 55.
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