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      Question

      A shopkeeper bought a book for Rs 240 and sold it at a

      profit of 20%. What is the selling price?
      A 265 Correct Answer Incorrect Answer
      B 245 Correct Answer Incorrect Answer
      C 288 Correct Answer Incorrect Answer
      D 275 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Profit = 20% of 240 = (20 × 240) ÷ 100 = 48 Selling Price = Cost Price + Profit = 240 + 48 = 288

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