Question
Suppose Ranjan purchases a bike
for Rs. 6,50,000 and sells it for Rs. 8,00,000, calculate the profit % in this transaction.Solution
ATQ, ATQ, Required profit % = [(8,00,000 - 6,50,000)/6,50,000] × 100 = (1,50,000/6,50,000) × 100 = 15/65 × 100 = 300/13 or  23(1/13)%
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