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Question
An article bought for Rs. 350 is sold at a profit of 20%. Find its selling price.
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Solution
C.P. of article = Rs. 350
Profit = 20%
∴ S.P. = `("C.P."(100 + "Profit" %))/100`
`= "Rs." (350 (100 + 20))/100`
= Rs. `(350 xx 120)/100`
= Rs. 420
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