Question
A shopkeeper bought an article for Rs 800 and sold it
for Rs 960. Find the profit and the profit percentage.Solution
Cost Price (CP) = Rs 800 Selling Price (SP) = Rs 960 Profit = SP − CP = 960 − 800 = Rs 160 Profit % = (Profit / CP) × 100 = (160 / 800) × 100 = (1/5) × 100 = 20 Answer: Profit = Rs 160, Profit % = 20%
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