A man bought a scooter for Rs. 16000. He spent Rs. 1200 on repairs and sold it for. Rs. 23000. What was his profit ?
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Step-by-step explanation:
cp is 16000
overhead expense is 1200
add for total cp
1200+16000=17200
CP = 17200
SP = 23000
sp>cp
so there is profit
profit will be 23000 - 17200
which is 5800
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