Question

A man buys a radio set for 900 and sells it for 972. What is his profit or loss
per cent?
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Answer 1

Answer:

profit at a profit of ₹72

(972-900=72

Answer 2

Step-by-step explanation:

• Here, cost price of radio set = ₹900
• and selling price of radio set = ₹972
• So, when SP>CP = Profit
• So, Profit = SP - CP = 972-900 = ₹72
• Hence, profit% =Profit *100/CP = 72*100/900 = 72*1/9 = 8%