An article is bought at the price of 800 Rs. and sold at the price of 1000 Rs What is the profit percentage?
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20%
step-by-step solution
Cost price=800
Selling price=1000
profit=selling price-Cost price
profit=200
profit%=profit/Cost price×100
profit%=200/1000×100
profit%=100/5
profit%=20%
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