Question
The difference between the cost price and selling price
of a bat is Rs 180. If there is a profit of 20%, then what is the selling price of the bat?Solution
Selling price - cost price = 180Â Profit = 20% Selling price = cost price x (100 + profit)% Â Selling price = (selling price - 180) x 120% Â Selling price = (selling price - 180) x 1.2 Â Selling price = 1.2 x selling price - 216 Â Selling price = 216/0.2 = Rs. 1080 Â The selling price of the bat is Rs. 1080.
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