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- Identify CP and SP.
- Find profit/loss amount.
- Use CP as base for percentage if asked.
Correct Answer: C
Correct Answer: C
Method / Topic: Profit and Loss
Profit or loss percentage is calculated on cost price.
Short Explanation
Detailed Explanation
Correct Answer: C
Method / Topic: Profit and Loss
<p><strong>Real Life Story:</strong> A shopkeeper compares selling price with cost price to know profit.</p><p><strong>Concept:</strong> Profit occurs when SP is greater than CP.</p><p><strong>Given:</strong> CP = Rs. 800, SP = Rs. 920.</p><p><strong>Formula:</strong> Profit% = Profit/CP x 100.</p><p><strong>Calculation:</strong> Profit = 120, so 120/800 x 100 = 15%.</p><p><strong>Final
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Learn + Solve: Shortcut, Trap & Fast Route Click to view shortcut, steps, and common mistake
Shortcut used, common trap, and the fastest solving route
- Identify CP and SP.
- Find profit/loss amount.
- Use CP as base for percentage if asked.
A shopkeeper buys an article for Rs. 800 and sells it for Rs. 920. Find the profit percentage.
Explanation
Correct Answer: C
Method / Topic: Profit and Loss
Profit or loss percentage is calculated on cost price.
Short Explanation
Detailed Explanation
Correct Answer: C
Method / Topic: Profit and Loss
<p><strong>Real Life Story:</strong> A shopkeeper compares selling price with cost price to know profit.</p><p><strong>Concept:</strong> Profit occurs when SP is greater than CP.</p><p><strong>Given:</strong> CP = Rs. 800, SP = Rs. 920.</p><p><strong>Formula:</strong> Profit% = Profit/CP x 100.</p><p><strong>Calculation:</strong> Profit = 120, so 120/800 x 100 = 15%.</p><p><strong>Final
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