A cycle was bought for rupees 500.At what price should it be sold to gain 20 percent
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Answer:
The Selling Price will be Rs 600.
Let us view in detail.
Actual cost of the chair=Rs 500
Profit of the chair he expected=20%
Profit =20/100
=0.2
SP =500*0.2
=100.
Selling Price =Cost price+Profit
=500+100
=Rs 600.
Have a nice day
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