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in Profit and Loss by (56.3k points)

A shopkeeper makes a profit of 15% by selling a book for Rs 230. What is the C.P. and the actual profit?

1 Answer

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Best answer

Given that the SP of a book = Rs. 230

Profit % = 15

Since

CP = (SP x 100) + (100 + profit %)

CP = (230x 100) + (100 + 15)

CP = 23000 + 115 = Rs. 200

Also, Profit = SP – CP = Rs. (230 – 200) = Rs. 30

Actual profit = Rs. 30

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