Given:
Selling Price= Rs.2,400
Profit = 20%
Again, same article selling price =Rs. 2,600
Formula Used:
Solution:
Cost Price =
Cost Price = = Rs. 2000
New Selling Price = Rs. 2600
New Profit = New Selling Price - Cost Price = 2600 - 2000 = Rs. 600
= = 30%
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