Sudhir sold an item for 35,000 and suffered loss of 30%. Find the cost price of the item. Also, find the price at which Sudhir must have sold the item to get a profit of 20%.
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Answer:
a.) 50,000 b.) 60,000
Step-by-step explanation:
a.) Loss of 30%
Cost Price is x:
35,000 = x - 0.3x; x = 50,000
b.) Profit of 20%
Original Price is 50,000
50,000(0.20) = 10,000
To get a profit of 20%, sell the item for 60,000
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