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Let the CP be m
SP = ₹240
Profit=1/5 of C.P
A/Q
Profit= 1/5 ×m
Profit= m/5
therefore,
S.P= C.P + Profit.
₹240=m + m/5
₹240=6m/5
m= ₹240×5/6
m = ₹200. Ans✓
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