Mr John bought a plot of land for Rs 108,000 and sold is for a profit of 20%.At what price did he sell it?
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Step-by-step explanation:
Cost price of the plot of land
= c.p = Rs 108000
Profit = g = 20%
Let the Selling price of the plot = S.P
SP = C.P × ( 100 + g ) / 100
= 108000 × ( 100 + 20 ) / 100
= 108000 × 120 / 100
= 1080 × 120
= 129600
Therefore,
the plot at Rs 129600.
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