A shopkeeper sold an article for Rs. 2500. If the cost price of the article is 2000, find the profit percent.23%25%27%29%
Question
Solution
Step 1: First, we need to find out the profit made by the shopkeeper. The profit can be calculated by subtracting the cost price from the selling price.
Profit = Selling Price - Cost Price Profit = Rs. 2500 - Rs. 2000 Profit = Rs. 500
Step 2: Next, we need to calculate the profit percentage. The profit percentage is calculated by dividing the profit by the cost price and then multiplying the result by 100.
Profit Percentage = (Profit / Cost Price) * 100 Profit Percentage = (500 / 2000) * 100 Profit Percentage = 25%
So, the profit percentage is 25%.
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