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Question 64
Rohan purchased tables at the rate of ₹ 275 per table. If he sells 16 tables for ₹ 5060, then what will be the profit percentage?
Solution
Cost Price of each table = Rs.275
Cost price of 16 tables = Rs.275*16 = Rs.4400
Selling Price of 16 tables = Rs.5060
Profit = $$\dfrac{5060-4400}{4400}\times100 = \dfrac{660}{4400}\times100 = 15$$%
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