- Vinod sold the part for ₹16,000 with a profit of \(5\%\).
- Let the cost price be \(x\).
- Selling Price (SP) = Cost Price (CP) + Profit
- \(16,000 = x + 0.05x\)
- \(16,000 = 1.05x\)
- \(x = \frac{16,000}{1.05}\)
- \(x \approx 15,238.10\)
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