if a mobile phone is brought for rupees 12000 and sold for Rs 15,000, what is the profit percentage
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Cost price of the mobile = 12000
Selling price of the mobile = 15000
Profit = SP - CP
= 15000 - 12000 = 3000
Profit % = Profit/CP x 100
= 3000/12000 * 100
= 300000/12000
= 300/12
= 25% is the profit.
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