A painting is purchased for rupees 2,000 and sold for rupees 2,400.At what price should the painting be sold to double the profit percentage
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Answer:
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Step-by-step explanation:
We should sell it for 2,800
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A painting purchased at Rs 2000 and sold for Rs 2,400, then the profit =Rs 400
Profit percentage=400/2000*100=20%
Double the profit percentage=20*2=40%
Sale price to get double profit percentage=2000*140/100=Rs 2800
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