Question
Vikram bought a refrigerator for Rs. 32,000 and sold it at
Rs. 36,800. Calculate the percentage of profit made.Solution
ATQ,
% of profit earned = [(36,800 - 32,000) Ă· 32,000] Ă— 100
= (4,800 Ă· 32,000) Ă— 100
= 15%
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