Question
A shopkeeper sold a jacket for Rs. 3000 at a loss of
20%. At what price should he have sold the jacket, to earn a profit of 20%?Solution
Let CP = Rs. x => SP = (100-20)% × x => 3000 = (80/100) × x => x = 3750 CP = Rs. 3750 Profit = 3750 × (20/100) = Rs.750 SP = CP + Profit SP = 3750 + 750 = Rs.4500
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The term "Escrow account" generally refers to:
