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A boat shop sold a ship at the profit of 20%. ?
A boat shop sold a ship at the profit of 20%.
(a) If the profit was Rs. 40000, what was the cost of the ship?
(b) What was the selling price?
Capt John is correct – I used to be in retail sales – profit is figured from the total selling price.
If you sell an item for $100 and made a profit of 20% it cost you $80.
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