Prakash bought 40metre rope for his shop at $30per metre and sold it at $35per metre.what is his gain or loss
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Prakash bought 40 meter rope for $30 per meter
Sold it for $35 per meter
Therefore % increase =
$35-$30
=$5
5/30×100
=16
Answer = He gained 16% profit
Sold it for $35 per meter
Therefore % increase =
$35-$30
=$5
5/30×100
=16
Answer = He gained 16% profit
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