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A shopkeeper sells an item at a profit of $25\%$. If the cost price is ₹$240$, find the selling price.
A₹$260$
B₹$275$
C₹$290$
D₹$300$
Answer & Solution
Correct answer: D. ₹$300$
SP $= \dfrac{(100 + \text{Gain}\%)}{100} \times \text{CP} = \dfrac{125}{100} \times 240 = ₹300$.
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