Question 14

If an item is sold for Rs.8000 at 25% profit, then find the profit.

Solution

SP =Rs. 8000

Profit% = 25%

SP = $$\frac{(100+25)}{100}$$* CP

CP = $$\frac{100}{125}$$ * SP

CP = $$\frac{100}{125}$$ * 8000

CP =Rs.6400

profit = SP - CP =8000-6400 =Rs. 1600

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