By selling an article in Rs. 480, there is a loss of 20%. At what price must be article sold so as to earn a profit of 30%?
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Step-by-step explanation:
Let's say the cost price was
C
If the person had a loss of
20
%
, then the selling price
=
S
=
0.8
C
It's given that
S
=
480
⇒
0.8
C
=
480
⇒
C
=
480
0.8
=
600
If he has to make a profit of
20
, his selling price
=
1.2
C
=
1.2
×
600
=
720
Rs.
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