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By selling an article, Ram earned a profit equal to one-fifth of the price he bought it. If he sold it for Ra. 360, what was the cost price?

By selling an article, Ram earned a profit equal to one-fifth of the price he bought it. If he sold it for Ra. 360, what was the cost price?

  • Option 1)

    Rs 245.75

  • Option 2)

    Rs 300

  • Option 3)

    Rs 312.50  

  • Option 4)

    Rs 350

  • Option 5)

    Rs 281.75

Answers (1)
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Let CP = 100 ,   P = 20 ,   SP = 120

Now 120% = 360

CP = 100% = 300

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