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Steve Sells an article for 1200 Rs And he makes a profit of 20% in the Transaction. So What is the Cost price? |
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Answer» RS. 1000 We take CP = x Now If i sell an article at 20% profit then what will be our SP in terms of x ? simple 1.2x [ Because is told you percentage to DECIMAL conersion So 20% here is NOTHING but 0.2x and total SP will be x+ 0.2x = 1.2x remember add in case of profit and subtract in case of loss] Given, he SOLD the article at 1200 Rs So 1.2x = 1200 Rs So x = 1000 Rs |
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