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A cloth piece was purchased for ₹ 700. At what price should it be sold to get a profit of 12.5% after a tailoring charge of ₹ 20 was paid for?
Total Effective Cost Price = Rs.700+Rs.20 = Rs.720
Required Profit = 12.5% = $$\dfrac{1}{8}$$
Therefore, Required Selling Price = $$Rs.720 + \dfrac{1}{8} \times 720 = Rs.720+90 = Rs.810$$
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