The cost price of an article is 1.200 and selling price is 5\4 times of its selling price
Find:
(i)selling price of the article
(ii)profit or loss as percent.
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Answer:
cp of an article=₹1,200
Sp = 5/4× of cost price
=5/4×1200
=₹1500
i)SP=₹1500
profit=Sp-CP
=1500-1200
=₹300
ii)profit %=profit/cp×100 %
=300/1200×100 %
=25%
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