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Question
I buy a T.V. for ₹ 10,000 and sell it at a profit of 20%. How much money do I get for it?
Solution
Cost price = ₹ 10000
Profit = 20% of 10000
= `20/100 xx 10000`
= ₹ 2000
Selling price = Cost price + Profit
= 10000 + 2000
= ₹ 12,000
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