mr jala buys a chair for rs 2500 and sells it for ts rs 2125 after two years . find the change in percentage
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Class 8
>>Maths
>>Comparing Quantities
>>Prices Related to Buying and Selling
>>A cupboard was bought for Rs. 2000 and s
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A cupboard was bought for Rs.2000 and sold for Rs. 2500. Find the profit or loss percent.
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Solution
Here, the cost price is less than the selling price, so there will be profit.
C.P=20,000.
S.P=2500
Profit=SP−CP=500
% Profit =
2000
500
×100=25 %
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