Question 99
A product was sold. for Rs. 4,500 at a profit of 12.5%. What.was the amount of profit?
Solution
Profit % = 12.5%
S.P = Rs 4500
C.P = $$4500\times\ \frac{100}{112.5}=4000$$
So, profit = 4500 - 4000 = Rs 500.
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