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Profit or Loss Percentage
1) Find the percentage profit if item is bought for $5 and sold for $8?
70%
68%
58%
60%
1/10
Solution
Answer:
60%
Explanation:
CP = $5, SP = $8
Profit percentage = (SP - CP/CP) × 100
= [(8 – 5) / 5] ×100
= (3/5) × 100
= 60%
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