Shravan purchased a scooter for ` 12,500 and sold it for ` 16,550. Find the profit and the profit % in the whole transaction.
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Answer:
Cost price = Rs. 12500
Selling price = Rs. 16550
Profit = SP - CP
= 16550 - 12500 = 4050
Profit% = (Profit/CP) * 100%
= 4050/12500 * 100 = 32.4%
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Answered by
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Step-by-step explanation:
C.P. of Scooter = 12,500
S.P. of Scooter = 16,550
Profit = S.P. - C.P. = 4,050
Profit % = (-1) x 100
= 1.324
1.324 - 1 = 0.324
0.324 x 100 = 32.4
Therefore there is a profit % of 32.4%
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