A watch is sold for 448 rupees and gives a profit of only 12% find the profit percent if the selling price has been 512 rupees.
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S.p of watch = 448
Profit = 12%
C.p = 100/100+profit%×S.p
= 100/112×448
=100×4
=400
Now, new S.p is 512.Then,
Profit% = profit×100/C.p
=512-400×100/400
=112/4
=28
Therefore profit% is 28%.
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