Question
A trader bought an article for Rs. 2400 and marked it
25% above of its cost price. If he sold it after giving a discount of Rs. 240 then find the profit percent earned by him.Solution
Marked price of the article = 2400 × 1.25 = Rs. 3000 Selling price = 3000 – 240 = Rs. 2760 Profit percentage = [(2760 – 2400)/2400] × 100 = 15%
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Section 39 of Insurance Act related with which of the following ?
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