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Question

Fill in the blanks to make the statement true: Sonal bought a bed sheet for 400 and sold it for 440. Her ______ % is ______.


A

Profit

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B

10%

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Solution

Evaluate Profit or Loss

Given, cost price (CP) of bed sheet =400

and, sale price (SP) of bed sheet =440

As the sale price is greater than cost price of bed sheet, thus, a “Profit” is made on sale.

We know that, Profit%=Saleprice-CostpriceCostprice×100

So, P%=440-400400×100, i.e. 10%.

Thus, Sonal makes a profit of 10% on sale of bed sheet.


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