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A shopkeeper sold a flower pot for Rs. 3500. If the cost price of the flower pot is Rs.2800, find the profit percent.
Question

A shopkeeper sold a flower pot for Rs. 3500. If the cost price of the flower pot is Rs.2800, find the profit percent.

A.

25%

B.

15%

C.

30%

D.

20%

Correct option is A

Given:
Selling Price (SP) = Rs. 3500
Cost Price (CP) = Rs. 2800
Formula Used:
Profit Percent = [(SP - CP) / CP] * 100
Solution:
Profit = SP - CP = 3500 - 2800 = Rs. 700
Profit Percent = 7002800×100=25%\frac{700}{2800} \times 100 = 25\%​​

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