A man calculated his profit percentage on the selling price to be 20%. If he sold it for ₹ 30 less; he gain 20% on the cost price. Find his actual selling price of the article
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Answer:
Profit = 100 * 20/100 = 20
Cost price = selling - profit
= 100 - 20
= 80
Profit % = profit/cost * 100
= 20/80 * 100
= 25%
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