An item was bought at $500 and sold at $560.Find the percentage profit in the transaction
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Answer:
12%
Step-by-step explanation:
Cost prices(Cp) =$500
Selling price (Sp) =$560
profit =?
profit =Sp-Cp
=560-500=$60
Profit %= profit ×100/Cp
=60×100/500
= 12%Answer
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