esme buys jackets for Rs 500 each and prices them for 700 each. if the selling price is reduced by 20%. a) how much profit does esme make on each item? b) workout each profit as percentage.
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In the profit and loss section, the cost of a product is very crucial. If you have marked the cost of the product wrong, you may not see any profit at all. In the following section, we will see what we mean by marked price. We will also see all the other relevant terms and try and understand how to determine marked price such that the profit is maximum. Let us begin with the following space below!
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esme buys jackets for Rs 500 each and prices them for 700 each. if the selling price is reduced by 20%. a) how much profit does esme make on each item? b) workout each profit as percentage.
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