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Let CP = 100 and MP = 160 SP = 160 × (100 – x)/100 SP = (8/5) × (100 – x) SP = 160 - 8x/5 According to question, => (160 – 8x/5) × 100/120 = 100 => (160 – 8x/5) = 120 => x = 25% Now, => SP = (125/100) × 240 => SP =Rs. 300 Alternate method: => +60 – x – (60x/100) = +20 => -160x/100 = - 40 => x = 25% Now, => SP = (125/100) × 240 => SP =Rs. 300
The provisions of the Recovery of Debts and Bankruptcy Act shall not apply where the amount of debt due to any bank or financial institution or to a co...
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