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Question
Sunandabai bought milk for Rs 475. She converted it into yoghurt and sold it for Rs 700. How much profit did she make?
Solution
Cost price = Rs 475; Selling price = Rs 700
Since selling price is more than cost price, so there is a profit.
Profit = Selling price − Cost price
= 700 − 475
= Rs 225
∴ Sunandabai made a profit of Rs 225 in this transaction.
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