if cp=500,sp=620 then profit percentage is how much?
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Cost price on article = ₹500
Selling price on article = ₹620
C.P <S.P
Hence its a profit..
Profit = SP -- CP
=620 -- 500
=120
Profit % = Profit × 100
CP
= 120 ×100
500
= 24%
Therefore profit percentage on article is 24%......
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