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A shopkeeper sells an item for rs 60 at profit of 20%. At what price should he sell it to gain 30%?

A.	Rs 63	B.	Rs 65
C.	Rs 68	D.	Rs 70

Answer and Explanation

Answer:Rs 65

Explanation:
Let the cost price of the item be rs x
Profit = 0.2x
X + 0.2x = 60
X = 50
To gain 30% profit must be rs 0.3x
Hence, selling price must be rs 1.3x
= rs 65

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