Question
A sofa set was sold for Rs. 63,000 at a 10% loss. If it
were sold for Rs. 75,600, what would be the profit percentage?Solution
ATQ,
Cost price of the sofa set = 63000 ÷ 0.9 = Rs. 70,000
So, percentage of profit earned if sold for Rs. 75,600 = {(75600 - 70000)/70000} × 100
= (5600/70000) × 100 = 8%
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