Pravin bought a car for 5,000 & sold for 5,500. What is his profit %?
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Answer:
10% profit
Step-by-step explanation:
Pravin bought a car for 5000
I.e Cost Price (C.P) = 5000
He sold the car for 5500
I.e Selling Price (S.P) = 5500
Profit = SP-CP
= 500
Profit % = 500/5000 * 100 = 10%
On overall transaction, pravin had 10% profit.
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