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A shopkeeper bought a book for RS. 560 and sold it for RS. 600. Find his profit percent?
  1. 7.21%
  2. 7.18%
  3. 7.14%
  4. None of these
Explanation

To find the profit percentage:

Cost Price (CP) = 560

Selling Price (SP) = 600

Profit = SP - CP

= 600 - 560

= 40

Profit percentage = (Profit / CP) * 100

= (40 / 560) * 100

= 7.14%

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