Industrial Engineering MCQ: A dealer sells a set of tools for Rs. 900 which is 80% more than he paid for it. At what price must he sell the same set to make 120% on the cost?

A dealer sells a set of tools for Rs. 900 which is 80% more than he paid for it. At what price must he sell the same set to make 120% on the cost?

Correct Answer: Rs. 1100

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