C.P = 400
Profit = 20%
What will be the S.P??
"I want full explanation plz"
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Answer:
The selling price of the article = Rs. 400
Loss percentage = 20% of SP
Gain percentage = 25% of CP
Concept used:
Profit % = (SP - CP)/CP × 100
In this particular case,
Loss % = (CP - SP)/SP × 100
Calculation:
0.20 = (CP - 400)/400
⇒ CP = 80 + 400 = Rs. 480
⇒ Profit % = 25% = (SP - 480)/480
⇒ SP = 480 + 0.25 × 480 = Rs. 600
∴ Rs. 600 price should he sell it to gain 25% on its cost price.
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