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30 vote

Rakesh on selling a lamp for Rs. 450 bears a loss of 20%. To earn a profit of 20%, he should sell the lamp for 

Asked on by | Votes 30 | Views: 511 | Tags: profit and loss     | numerical ability     | Add Bounty

Rakesh on selling a lamp for Rs. 450 bears a loss of 20%. To earn a profit of 20%, he should sell the lamp for 
1). 675
2). 600
3). 625
4). 680


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1 answers

30 vote
Answered by on | Votes 30 |

Let the C.P be x

⇒ x – (20% x) = 450

⇒ (80/100)x = 450

⇒ x = 562.5

∴ Required selling price = 562.5 + (20% of 562.5) = 675
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