Question
A shopkeeper sold a jacket for Rs. 2600 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 => 2600 = (80/100) × x => x = 3250 CP = Rs. 3250 Profit = 3250 × (20/100) = Rs.650 SP = CP + Profit SP = 3250 + 650 = Rs.3900
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