Question
A shopkeeper sells an item for $? 60$ at a profit of $20 \%$. At what price (in ?) should he sell it to gain $30 \%$ ?(A) 63(B) 65(C) 68(D) 70
Step 1
According to the problem, the shopkeeper sells the item at a profit of $20 \%$, which means the selling price is $1.2X$. We know that this selling price is $60$. So, we can write the equation as: \[1.2X = 60\] Show more…
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