- Mr. Sharma bought a painting for 75,000 Rs. He later sold it for 1,00,000 Rs. Find the profit or
loss percent.
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Step-by-step explanation:
CP = 75,000
SP = 1,00,000
since SP > CP ∴ it's profit
Profit = 1,00,000 - 75,000
= 25,000
Profit % = Profit / CP × 100
= 25,000/75,000 × 100
= 1 / 3 × 100
= 33.33 %
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