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Profit % Loss %

Gulabbhai bou...

Question

Gulabbhai bought a basket of brinjals for Rs 100 ad sold it for Rs 120. What was his profit or loss?

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Solution

Cost price of the basket of brinjals = C.P = Rs 100
Selling price of the basket of brinjals = S.P = Rs 120
Since S.P > C.P, a profit is made.
Profit = S.P ˗ C.P
= Rs 120 – Rs 100
= Rs 20

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