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Question
Tell what is the profit or loss in the following transaction. Also find profit percent or loss percent in given case.
Gardening shears bought for ₹ 250 and sold for ₹ 325.
Solution
Cost price = ₹ 250
Selling price = ₹ 325
Profit = 325 − 250
= ₹ 75
Profit% = `"Profit"/"C.P." xx 100`
`= 75/250 xx 100`
= 30%
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