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A shopkeeper bought an article for $200 and sold it for $250. What is the percen
Practice Questions
Q1
A shopkeeper bought an article for $200 and sold it for $250. What is the percentage profit?
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15%
Questions & Step-by-Step Solutions
A shopkeeper bought an article for $200 and sold it for $250. What is the percentage profit?
Steps
Concepts
Profit Calculation
– Understanding how to calculate profit by subtracting the cost price from the selling price.
Percentage Calculation
– Knowing how to express profit as a percentage of the cost price.
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