Question
A dealer sold a machine for Rs. 3200 and earned 28% profit.
What would be the profit or loss percentage if he had sold it for Rs. 2800?Solution
ATQ,
Cost price = 3200 / 1.28 = Rs. 2500
Profit = 2800 – 2500 = Rs. 300
Profit percentage = (300 / 2500) × 100 = 12% profit
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