Question

A shopkeeper buys goods worth 24000 and spends 8%on packing if he desires a profit of 20% find selling price

Answer 1

Cost price=24000
Cost price after packing= 24000+ 8% of 24000
=25920

But he want to make 20% profit.. So selling price must be... =25920+20% of 25920
= 25920+ 5184
=31104

Hope its helps..
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