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Activity Discussion Math Profit and loss Reply To: Profit and loss

  • Devi

    Member
    June 22, 2023 at 5:09 pm
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    ::

    To calculate the percentage of profit,

    *The cost price of the refrigerator = 11,500 rupees. *The man spent an additional rupees to fix the refrigerator is = 1500. Therefore, the total cost spent by the man is =

    11,500 + 1,500 = 13,000 rupees.

    The selling price of the refrigerator is 15,500 rupees.

    To calculate the profit, we subtract the cost price from the selling price:

    Profit = Selling price – Cost price

    Profit = 15,500 – 13,000 = 2,500 rupees.

    Now, we can calculate the percentage of profit by dividing the profit by the cost price and multiplying by 100:

    Percentage of Profit = (Profit / Cost price) * 100

    Percentage of Profit = (2,500 / 13,000) * 100 ≈ 19.23%

    Therefore, the man made approximately a 19.23% profit through this transaction.

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