Selling price of a toy car is Rs.540. If the profit made by shopkeeper is 20%, what is the cost price of this toy?
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Answer:profit=20%of Clans CP+profit
So,540=CP+20%ofCP
=CP+20/100×CP=(1+1/5)
=6/5CP
THEREFORE,540×5/6=CP
=450rs
Step-by-step explanation:
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