When an article is sold fo rs. 70 . 1upon7th of the selling price is the profit. If the person wants 20 percent profit on the cp what will be the selling price
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solving rate of article=70rs
profit in S. p=1/7
1/7of rs 70=10rs
so c. p=70-10=60rs
profit needed by person on c. p=20%
20% of 60rs=20/100*60=12rs
profit=12rs
so S. p=60+12=72rs ans
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profit in S. p=1/7
1/7of rs 70=10rs
so c. p=70-10=60rs
profit needed by person on c. p=20%
20% of 60rs=20/100*60=12rs
profit=12rs
so S. p=60+12=72rs ans
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