12. A pair of shoes which costs Rs 320 was sold at a loss of 5%. What was the selling
)
price if it were sold at a profit of 20%. Find also the gain per cent if it were
sold for Rs 360?
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3
(a) Selling price = Cost price - loss
= ₹320 - (5% of ₹320)
= ₹320 - (0.05 × ₹320)
= 340₹
(b) Selling price = Cost price + Profit
= ₹320 + (20% of ₹320)
= ₹320 + (0.2 × ₹320)
= 384₹
(c) Selling price = Cost price + Profit
₹360 = ₹320 + (Profit% of ₹320)
₹40 = (Profit% × ₹320)
12.5% = Profit%
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