a fan is sold for 720 rs at taking 1/5 profit on cost price.then what is the cost price?
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Answer:
Rs. 600
Step-by-step explanation:
C.P = (100×SP)÷(100+Profit%)
CP = (100×720)÷(100+1/5×100)
CP = 72000÷(100+20)=72000÷120=
600 rs.
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