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Cost price of an article is Rs. 360. If the profit percentage is 8 percent, then what is the value of profit?
Question

Cost price of an article is Rs. 360. If the profit percentage is 8 percent, then what is the value of profit?

A.

Rs. 30

B.

Rs. 25.6

C.

Rs. 28.8

D.

Rs. 24.5

Correct option is C

Given:
- Cost Price (CP) = Rs. 360
- Profit% = 8%
Formula Used
:
- Profit = (Profit% * CP) / 100
Solution:
Profit = (8 * 360) / 100 = Rs. 28.8

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