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      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?
      A RS 1080 Correct Answer Incorrect Answer
      B RS 1240 Correct Answer Incorrect Answer
      C RS 1040 Correct Answer Incorrect Answer
      D RS 1200 Correct Answer Incorrect Answer

      Solution

      Selling price - cost price = 180┬а Profit = 20% Selling price = cost price x (100 + profit)% ┬аSelling price = (selling price - 180) x 120% ┬аSelling price = (selling price - 180) x 1.2 ┬аSelling price = 1.2 x selling price - 216 ┬аSelling price = 216/0.2 = Rs. 1080 ┬аThe selling price of the bat is Rs. 1080.

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