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A business man makes a 10% profit by selling a toy costing him Rs 120. What is the selling price?

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A business man makes a 10% profit by selling a toy costing him Rs 120. What is the selling price?

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CP = Rs. 12

Profit % = 10

We now that

SP = {(100 + profit %) /100} x CP = {(100+ 10)/100} x 120

= {(110/100)} x 120 = 1.1 x 120

= Rs. 132

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