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Question
Kantabai bought 25 saris from a wholesale merchant for Rs 10000 and sold them all at Rs 460 each. How much profit did Kantabai get in this transaction?
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Solution
Cost price of 25 saris = Rs 10000
Selling price of 1 sari = Rs 460
∴ Selling price of 25 saris = 25 × 460 = Rs 11500
Since selling price is more than cost price, so there is a profit.
Profit = Selling price − Cost price
= 11500 − 10000
= Rs 1500
Hence, Kantabai made a profit of Rs 1500 in this transaction.
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Fill up the appropriate boxes in the following table
| SI. No | C.P. in ₹ |
S.P. in ₹ |
Profit in ₹ |
Loss in ₹ |
| (i) | 100 | 120 | ||
| (ii) | 110 | 120 | ||
| (iii) | 120 | 20 | ||
| (iv) | 100 | 90 | ||
| (v) | 120 | 25 |
‘Overhead expenses’ is always included in __________
C.P. = M.P. – Discount.
In case of loss, `C.P. = (100 xx S.P.)/(100 + Loss%)`
Sushma sold her watch for ₹ 3320 at a gain of ₹ 320. For earning a gain of 10% she should have sold the watch for ₹ 3300.
The cost of a flower vase got increased by 12%. If the current cost is ₹ 896, what was its original cost?
