Question
A shopkeeper sold a jacket for Rs. 4500 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 => 4500 = (80/100) × x => x = 5625 CP = Rs. 5625 Profit = 5625 × (20/100) = Rs.1125 SP = CP + Profit SP = 5625 + 1125 = Rs.6750
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