A market bought a sofa a set for rupees 11000. He spent rupees 200 on transportation to bring it back. He sold the sofa set for rupees 13750. Find his profit and loss.
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Step-by-step explanation:
Cost price of sofa set =₹ 11000
Rupees spent on transportation =₹ 200
Total CP = ₹11200
Selling price =₹ 13750
Profit = SP - CP
Profit = ₹13750 - ₹11200
= ₹2550
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