Tell what is the profit or loss in the following transaction. Also find profit percent or loss percent in each case. (c) A cupboard bought for ₹ 2500 and sild at ₹ 3000.
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Tell what is the profit or loss in the following transaction. Also find profit percent or loss percent in each case. (c) A cupboard bought for ₹ 2500 and sild at ₹ 3000.
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Step-by-step explanation:
Here, the cost price is less than the selling price, so there will be profit.
We know,
Profit % = C.P
profit ×100
Profit =3000−2500=500
Profit % = 2500
500 ×100 =20%