If a machine,is purchased for Rs.5200 and sold For Rs.5980. Find out the percentage of profit on the cost price
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Answered by
0
Answer:
profit 15%
Answered by
2
Answer:
Step-by-step explanation:
Cost Price (C.P.) = Rs. 5200
Selling Price (S.P.) = Rs. 5980
Profit (P) = S.P. - C.P.
= 5980 - 5200
= Rs. 780
Therefore,
Profit Percentage (P%) = P / C.P
= 780 / 5200 X 100
= 0.15 X 100
= 15%
Hope this helps!
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