Question

By selling a cellphone for 2400 a shopkeeper makes a profit of 25 percent . What would be his profit percentage if he sells it for 2040 with formula to formula

Answer 1

Answer:

6.25%

Step-by-step explanation:

SP of a cell phone= 2400

therefore CP of a cell phone = 2400* [100/(1000+25)]= 1920

Therefore required profit percentage=[(2040-1920)/1920] *100

= 6.25%

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