A person loses 20% by selling an article for rupees 450 at what price he must sell in order to make a profit of 20%
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Answer:
The selling price will be 675 for making the profit of 20 % on the article
Step-by-step explanation:
Loss% = 20
CP = X
SP = 450
CP = (100 / 100- %) SP
X = (100 / 100-20)*450
X = 100/ 80*450
X = 5/4 * 450
X = 5*112.5
X = ₹562.5
FOR MAKING THE 20% PROFIT
= 562.5*20/100
= 562.5*1/5
= 112.5
Profit = 112.5+562.5
= ₹675
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