Question
An article was sold for Rs. 2100 with a profit of 40%.
Calculate the percentage of profit or loss if it had been sold for Rs. 1800.Solution
ATQ,
Cost price = 2100 / 1.4 = Rs. 1500
Profit = 1800 – 1500 = Rs. 300
Profit percentage = (300 / 1500) × 100 = 20% profit
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