A man makes a profit of 20% by selling sweets for ₹960. What will be his profit or loss per cent if he sells them for ₹840?
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Step-by-step explanation:
Selling price = Rs.960
Profit = 20%
Cost price = 100 × 960/100+20
Cost price = 100 × 960/120
Cost price = 100 × 8
Cost price = Rs. 800
Then selling price = Rs.840
Profit = S.P - C.P
Profit = Rs. 840 - Rs. 800
Profit = Rs. 40
Profit percent = Profit × 100/C.P
Profit percent = Rs. 40 × 100/800
Profit percent = 5%
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