The profit made by selling an article in 948 is 20% less than the loss made by selling the same item in 840 and if it is sold with 20% loss, then tell the selling price.
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1. Formula to calculate cost price if selling price and profit percentage are given: CP = ( SP * 100 ) / ( 100 + percentage profit).
2. Formula to calculate cost price if selling price and loss percentage are given: CP = ( SP * 100 ) / ( 100 – percentage loss ).
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