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1) CP = 2000
SP = 2500
Profit = 2500 - 2000 = 500
Profit % = 500/2000 * 100
=> 1/4 * 100
=> 100/4
=> 25% profit
2) Principal = 10,000
Interest rate = 12%
time = 2 years
Interest = (10000/100) * (12*2)
=> 100 * 24
=> 2400 is the interest he has to pay after 2 years.
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