a book seller brought books worth₹ 1500 and incurredas ₹ 500 as overhead expenses if he sold the books for₹ 2400 then find his profit percent
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Original CP = Rs.1500
Overhead Expenses = Rs.500
Total CP = 1500 + 500
Total CP = Rs.2000
SP = Rs.2400
Profit = 2400 - 2000
Profit = Rs.400
Profit % = Profit/CP x 100
Profit % = 400/2000 x 100
Profit % = 1/5 x 100
Profit % = 20%
THE PROFIT % IS 20%
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