A Person Brought A Book From Rs 500 And Sold It For Rs 700.Find Profit Percentage, - Testpoint

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A person brought a book from Rs 500 and sold it for Rs 700.Find profit percentage,

30%
35%
40%
45%

Explanation

Given:

Cost Price (CP) = Rs. 500
Selling Price (SP) = Rs. 700

Step 1: Profit

$Profit = SP - CP = 700 - 500 = 200$

Step 2: Profit Percentage

$Profit % = Profit/CP \times 100$ $=2 00/5 00 \times 100$ $= 0.4 \times 100 = 40%$

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