Mohan bought a bed for Rs 9900 and paid Rs 100 for transportation he sold it for 12000.What was his (i)profit and (ii) profit per cent
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Answer:
I) profit = Rs. 2000
ii) profit% = 20%
Step-by-step explanation:
cost of bed = 9900
transportation cost = 100
total expenditure = 9900 + 100 = 10,000
selling price = 12,000
profit = selling price - cost price
= 12,000 - 10,000
= 2000
profit% = profit/cost price × 100
= 2000/10000 × 100
= 2000/100
= 20%
hope you get your answer
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