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