Selling price of a toy car is rs 540. If the profit made by the shopkeeper is 20 percent what is the cost price of the toy?
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Answer:
₹450
Step-by-step explanation:
Selling price of the toy car = ₹540
Profit = 20%
We know that, CP = ( SP×100 )/(100+percentage profit)
= ₹{(540×100)/(100+20)}
= ₹{(540×100)/120}
=₹450
Hence, CP= ₹450
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