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Profit and Loss Percentage

By selling a ...

Question

By selling a saree for₹ 3000 the shopkeeper made a profit of 20% what is the cp

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Solution

Cost price of the saree he sell is Rs 3000

C.P = 100/(100 + Gain%) * SP
= 100/(100 + 20) * 3000
= 300000÷120
=2500

So cp is 2500

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