Naveen sold a plot of land for Rs.2.20,000 gaining 10%. For how much did he purchase the plot?
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Answer:
CP= Rs. 2,20,000
G%= 10%
SP= (100+G%)/100×CP
=> 220000= (100+10)/100×CP
=>220000= 110/100×CP
=>220000×100/110=CP=Rs. 2,00,000.
Naveen bought the plot of land for Rs. 2,00,000.
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