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Richa purchased an article at (4 / 5) of its list price and sold it at 20% more than the list price. Richa’s profit percent was
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- 50%
- 40%
- 30%
- 25%
Correct Option: A
Let list price of article = $ 100
| ∴ CP for Richa = 100 × | = $ 80 | 5 |
∴ S.P. for Richa = $ 120
∴ Gain = 120 – 80 = $ 40
| ∴ Gain percent = | × 100 = 50% | 80 |
