1)The cost price of an article is ? 1,200 and selling price is times 5/4 of its cost price. Find : (i)selling price of the article (ii)profit or loss as percent.
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S.P. = 5/4 of C.P. ∴ Gain = S.P. – C.P. ∴ Gain % = (gain × 100)/C.P
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