Question

when an article is sold for rupees 70.1 upon 7th of its selling price is the profit. If the the person wants 20% profit on the cost price, what will be the selling price

Answer 1

SP = Rs.70. Profit=(1/7)×70 =10. CP = 70 - 10=60. 20 percent profit= (20/100)×60=12. SP= 60+12=72