Profit and loss

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Indian Economy - Understanding the basics of Indian economic system

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Sanjay purchased an article for ? 1850. At what price should he sell it so that he earns a profit of 30% ?

2450

2245

2405

2425

Explanation:

We know that,
SP = 100 + profit% /100 x CP
= 100 + 30 /100 X 1850
= 130/100 X 1850 = 2405

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