Raj had a a wrist watch that his brother had brought for ₹1200 about 5 years ago. Raj was able to sell it for ₹1350 . Was this a loss or a gain ? Find it's percentage .
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cost price- rs. 1200
selling price- rs. 1350
It is a profit as the selling price if greater than the cost price.
gain- 1350-1200
= rs.150
gain percent- gain/cost price ×100
=150/1200×100
= 12.5%
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