Seema bought 8 articles for Rs. 1200 each and sold it for Rs. 1400 each. Was there a profit or a loss? What was its percentage?
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Answer:
cp of 1 item = 1200
cp of 8 items = 1200 *8 = 9600
sp of 1 item = 1400
sp of 8 items = 1400 *8 = 11200
gain = sp-cp = 11200-9600 = 1600
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Seema bought 8 articles for Rs 1200 each and sold it for rupees 1400 each was there a profit or loss? was its percentage?
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