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Question
A shopkeeper expects a profit of 25% on his cost price. In a week, his sale was of Rs. 5000 what was his profit?
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Solution
Let the cost price be Rs.100
So, the profit will be Rs.`(25/100 xx 100)`
= Rs.25
⇒ S.P. = C.P. + Profit
= Rs.(100 + 25)
= Rs.125
When the profit is Rs.(100 + 25)
= Rs.125
When the profit is Rs.25, the sale is Rs.125
So, let x be the profit when the sale is Rs.5000
⇒ x = `(25 xx 5000)/(125)`
= Rs.1000
Hence, the profit is Rs.1000.
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