A tradesman sold goods for Rs. 2,400 and made a profit of 25%. Find his profit percent if he sold goods for Rs. 2,040
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Answer:
SP of cellphone = ₹ 2400
∴ CP of cellphone = 2400 x [100/(100 + 25)] = ₹ 1920
∴ Required percentage profit = [(2040 - 1920)/1920] x 100
= 6.25%
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