Devangi buys a chair for rs 700 and sells it for 750. She earn a profit po. '/, in the transactions.
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CP =700
SP=750
Since, SP>CP, Profit occurs
Profit =SP-CP=750-700=50
Profit %=(profit/CP)×100
=(50/700)×100
=50/7%
=7.14%
I hope it will help you ☺
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