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      Question

      A shopkeeper bought an article for Rs 800 and sold it

      for Rs 960. Find the profit and the profit percentage.
      A Profit = Rs 260, Profit % = 33% Correct Answer Incorrect Answer
      B Profit = Rs 460, Profit % = 28% Correct Answer Incorrect Answer
      C Profit = Rs 300, Profit % = 10% Correct Answer Incorrect Answer
      D Profit = Rs 160, Profit % = 20% Correct Answer Incorrect Answer

      Solution

      Cost Price (CP) = Rs 800 Selling Price (SP) = Rs 960 Profit = SP βˆ’ CP = 960 βˆ’ 800 = Rs 160 Profit % = (Profit / CP) Γ— 100 = (160 / 800) Γ— 100 = (1/5) Γ— 100 = 20 Answer: Profit = Rs 160, Profit % = 20%

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