an item when sold for ₹48 incures a loss of 20%. what will its selling price to earn a profit of 20%.
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Selling Price= 48
Let the cost price be 'x'
The cost of an article, which is sold for RS48 at a loss of 20%
x - 20%of x = 48
x - 20/100×x = 48
x - 0.2x = 48
0.8x = 48
x = 48/0.8 = 60 is the cost price
Required profit= 20%
New selling Price = cost price + profit
profit = cost price × Profit Percentage
= 60×20%
= 12
New selling Price=
=60 + 12 = 72
Let the cost price be 'x'
The cost of an article, which is sold for RS48 at a loss of 20%
x - 20%of x = 48
x - 20/100×x = 48
x - 0.2x = 48
0.8x = 48
x = 48/0.8 = 60 is the cost price
Required profit= 20%
New selling Price = cost price + profit
profit = cost price × Profit Percentage
= 60×20%
= 12
New selling Price=
=60 + 12 = 72
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