Question
A shopkeeper buys an article for Rs. 750 and sells it for Rs. 885. Find his profit and profit percentage.
Solution
ATQ, Cost Price (CP) = 750 Selling Price (SP) = 885 Profit = SP - CP = 885 - 750 = 135 Profit% = (Profit / CP) * 100 = (135 / 750) * 100 = (27 / 150) * 100 = (9 / 50) * 100 = 18% Hence, Profit = Rs. 135, Profit% = 18%
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