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Mathematical Puzzles Hard 2 min

A shopkeeper buys an item for ₹500 and sells it for ₹575. What is the profit percentage?

Hint
Profit divided by cost price.

Answer

15%.

Explanation

Profit is ₹75. Profit percentage is 75/500 × 100 = 15%.

Step-by-Step Solution

Profit = 575-500 = ₹75.
Profit percentage = 75/500 × 100 = 15%.
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