A sellor bought an article of Rs. 2,000 will amount to 2,500 at 10% p.a. Find the following:
a) Its simple interest b) it's time
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Here, the cost price is less than the selling price, so there will be profit.
C.P = 20,000.
S.P = 2500
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% Profit
x 100 = 25 %
Profit= SP CP = 500
500
2000
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