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Question
Devangi buys a chair for ₹ 700 and sells it for ₹ 750. She earns a profit of ______ % in the transaction.
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Solution
Devangi buys a chair for ₹ 700 and sells it for ₹ 750. She earns a profit of `underlinebb(7 1/7)` % in the transaction.
Explanation:
Given, CP of chair = ₹ 700
And SP of chair = ₹ 750
We know that, Profit = SP – CP = 750 – 700 = ₹ 50
Also, profit% = `"Profit"/"CP" xx 100% = 50/700 xx 100% = 7 1/7%`
Hence, the profit earned by Devangi is `7 1/7%`.
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