Question
When the profit obtained by
selling an item for Rs. 768 is the same as the loss suffered when the item is sold for Rs. 312. What would be the selling price (in Rs.) of the item to achieve a profit of 12%?Solution
ATQ, Cost price of the item = (768 + 312) ÷ 2 = Rs. 540 So, required selling price = 540 × 1.12 = Rs. 604.80
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