an article was bought for rs 5000 and sold for rs 6500. find gain or loss
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Answer:
cost price = 5000 rs.
selling price = 6500 rs.
as selling price > cost price there is a profit
profit = selling price - cost price = 6500 - 5000 = 1500 rs.
profit percentage = profit x 100 / cost price = 1500 x 100 / 5000 = 30 %
hope it helps you
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