find the profit or loss cost price=$750.25 selling price=$600.50
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Find the selling price
(a) Cost =600
Profit=13%
Selling price =Cost + profit
=600+
100
600×13
=600+78
=678 Ans.
(b) Cost=2475, loss=8%
Selling price = Cost+ profit/loss
=2475+(−
100
2475×3
)
=2475−198
=2277 Ans.
Answered by
1
Answer:
Your friend gives you Rs. 100 for a pen that you got for Rs. 90. You sell it to him and then buy a cricket bat from him for Rs. 3000. Later you find out that the bat was worth Rs. 2995. Did you lose money or did you make a profit? When you do a business transaction like selling things if you earn some amount in the transaction that amount is called the profit and if you lose some amount then it is called loss.
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