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A shopkeeper bought a chair for Rs. 400 and sold it for Rs. 580. Find the gain percentage. step by step explanation will mark brilliant
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Step-by-step explanation:
CP = 400
SP = 580
since SP>CP ∴ its profit
Profit=SP-CP = 580-400 = 180
Profit % = Profit × 100 / CP
Profit % = 180 × 100 / 400
Profit % = 45%
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