If the selling price of an item is Rs 75 and the cost price is Rs 70, find the profit or loss percent *
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A] 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 .
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