An item is bought for ₹ 500 and sold at a profit of 10%. Its SP is ______________
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Cost Price = ₹500
Profit made = 10% on Cost Price
10% of ₹500 = 10/100 × 500
= ₹50
Hence Selling Price (SP) =
Cost price + Profit
= 500 + 50
= ₹550
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Answer:
SP is ₹ 550
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