how much profit or loss ,is there when you sell an item for rupees 60 that cost is rupees 50
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10 rupees profit
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given , CP = Rs = 50
P % = 12 %
using SP = CP [100 + P %] / 100
= 50 [100 + 12] / 100
=50×112×100
=56
∴
The selling price is Rs 56 .
Hope you have understood
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