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Prices / Charges Related to Buying and Selling

Rahul bought ...

Question

Rahul bought a mobile for 500 and sold it for 625. Find the percentage of profit earned by Rahul ?

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Solution

Profit = Selling price - Cost price
$= 625 - 500 = 125$ Rs. ........ Given

Profit % = $\frac{125}{500} \times 100$ = $25$ %

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