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A house was sold for Rs.12, 600 at a profit of on the cost price. What percent would have been gained if it had been sold for Rs.13, 000 ?

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answer is B.

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Detailed Solution

Concept- A percentage is indeed a number or ratio that is a fraction of one hundred. Profit and loss percentage refers to the quantity of profit or loss which has been imposed in percentage.
Here, SP of the house

Profit

Then, CP of the house

Therefore, the

gain =

Hence, the correct answer is option (2).

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