Arun bought an old camera for rs 1600 and spent rs 400 on its repairs. He sold it for rs 2500.find his loss or gain percent
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Answer:
Cost of camera = 1600
its expenditure = 400
Total cost price = 1600 + 400
= 2000
Selling price = 2500
Profit = S.P. - C.P.
= 2500 -2000
= 500
Profit percent = 500/2000 X 100
= 25%
Therefore its profit percent is 25%
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