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Here is your solution mate....
A shopkeeper sells an article at 300 rupees.
Profit is 20% .
We have to find out the cost price of the article.
At 20% profit,if we consider the cost price as 100 rupees,then the selling price will be :(100+20)=120 rupees.
Then, at 20% profit,
If the selling price is 120 rupees then the cost price is 100 rupees.
Then if the selling price is 1 rupee then the cost price is( 100/120) rupees.
Then if the selling price is 300 rupees then the cost price is :
(300×100)/120 rupees.
=30000/120 rupees.
=250 rupees.
So,the cost price is: 250 rupees.
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