8. By selling an article for 700, the loss is 20%. To make profit of 20%, for how much should the article be sold?
could have sold the mobile to get a profit
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Answer:
Let x be the cost price of article.
Therefore,
x−10020x=700
x−5x=700
5x−x=3500
x=43500=875
Thus the cost price of article is Rs.875.
Now to make profit of 20%,
Selling price
=875+10020×875=875+175=Rs.1050
Hence, to make 20% profit, the article should be sold for Rs.1050.
Hope it will help you dear
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