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A shopkeeper bought a suitcase for Rs 950 and sold it for Rs 1200, then

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%P=26%

%L= 18%

%L= 26%

$% P = 15 %$

answer is C.

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Detailed Solution

SP>CP = Profit

p=SP - CP =1200-950=250

P%= $\frac{P}{C P} X 100$

$= \frac{250}{950} X 100 = 26$

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