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profit and loss statement for small business

3 Articles

A storekeeper sold a wrist watch for $660, including a sales tax of 10%. If the cost price of the watch is $500, what is the percentage profit for shopkeeper ?

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Answer : D. 20%

The C.P of 15 books is equal to the S.P of 18 books. Find the gain% or loss% ?

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Answer : A. 16 2/3 % loss

A trader bought a car at 20% discount on its original price. He sold it at a 40% increase on the price he bought it. What percent of profit did he make on the original price ?

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Answer : C . 12 %

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