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Discussion :: Profit and Loss

  1. A person buys an article at Rs.500. At what price should he sell the article so as to make a profit of 20%?
  2. A.
    Rs.600
    B.
    Rs.500
    C.
    Rs.250
    D.
    Rs.700

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    Answer : Option A

    Explanation :

    Cost price = Rs.500
    profit = 20% of 500 = Rs.100
    Selling price = Cost price + Profit
    = 500 + 100 = 600


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