A painting is purchased for rupees 2000and sold for rupees 2400.At what price should the painting be sold to double the profit percentage
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Painting should be sold at Rs. 4000 to double the profit.
And the profit percentage will be 50%
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answer:
hence product should be sell for 2800rs
explanation:
profit of % = (S.P. - C.P.)×100/C.P.
profit of % = (2400–2000)*100/2000
= 20%
now to earn a double profit %
then p% = 40% so
40*2000/100 = 800
hence product should be sell for 2800rs
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