Calculate the selling price if the cost price is ₹800 and profit is 25%.
Explanation
To find the selling price, we need to calculate the profit first. Given cost price = Rs 800 and profit = 25%, the profit amount is 25% of 800, which is 0.25 * 800 = 200. The selling price is the sum of the cost price and the profit amount, which is 800 + 200 = 1000. However, the question asks for the selling price if the profit is 25%, so the selling price is 800 + (25/100 * 800) = 1000. But we need to add the 25% profit to the cost price, so the selling price is 1000 + 240 = 1240.
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