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Q.

Find the profit %, if the profit on the goods with a cost price of Rs 1870 is Rs 374.

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a

10%

b

25%

c

20%

d

15%

answer is C.

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Detailed Solution

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The profit percentage can be calculated by dividing the profit amount by the cost price and multiplying by 100:

Profit %=ProfitCost price×100

Given, Profit = Rs 374 and cost price = Rs 1870.

Profit%=3741870×100 

Profit %=20%.

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