if a person sells a scooter at the price of 12000 and have profit of cost price as 1/16 .find the cost price and profit %
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selling price of a scooter equals to 12000
profit on scooter =1/16of selling price
=1/16×12000
1×750=750
profit equals to rupees 750
cost price equals to 12000 - 750=11250
profit percent =750/11250×100
100/15=20/3
profit percent = 6.66 percent
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