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Cost of an item is rs 50. It was sold with a profit of 12 %. Find the selling price
Given:
Cost price = 50₹
Profit percent = 12 %
TO find: The selling price
Solution:
Selling price = 112 % of cost price
Selling price = $\frac{112}{100} \times 50$
Selling price = $\frac{112}{ 2}$
Therefore the Selling price = 56 ₹
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