Mr. Kashyap purchased an airconditioner for Rs.12000 and sold it for
Rs.15000. What was the profit percentage?
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25% of profit.............
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1
Profit percentage is 25%.
Given - Cost price and selling price
Find - Profit percentage
Solution - Firstly calculating the amount of profit followed by profit percentage.
Profit = Selling price - cost price
Profit = 15000 - 12000
Profit = Rs. 3000
Profit percentage = Profit/cost price*100
Profit percentage = 3000/12000*100
Profit percentage = 25%
Hence, the profit percentage is 25%.
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