Rahul buys almirah for 2000 and spend for 400 as its transportation charge. If he sell the almirahi for 3000, determine his profit percent.
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Dear friend, here is your answer
Total cost price of almirah = ₹(2000+400) = ₹2400
Selling price of almirah = ₹3000
Profit = Selling price - Cost price
= ₹(3000-2400)
= 600
Profit % = Profit/Cost Price × 100
= 600/2400×100
= 25%
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