Question
The interest earned on investing Rs. 1200 for 2 years at the rate of 10% p.a., compounded annually, is used to purchase an article. If the article is later sold at 30% profit, then find the selling price of the article.
More Profit and loss Questions
- A bought an article at 20% less of the marked price and sold it at 25% more than the marked price. Find the profit earned by him.
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