a shopkeeper purchased 10 jackets at the rate of rs. 225 each and sold all jackets of rs. 2500. find the profit percent or loss percentage on this transaction.......
give full explanation by formula plz
give only answer in fraction
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he purchased the each jacket for=₹225
and sold each jacket for=2500/10=₹250
since, P=SP-CP
P=₹250-₹225
P=₹25
%=25/225×100=¹¹1/9%
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