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A trader buys 40 chairs at ₹450 each and pays ₹2000 for transport. He sells every chair for ₹560. Find his profit per cent.

Class 8Profit and LossComparing Quantities
  • A24.4%
  • B12%
  • C11%
  • D10%

Step-by-Step Solution

CP = ₹20000. SP = = ₹22400. Profit = ₹2400, Profit % %. Leaving out transport gives about 24.4%.
Answer: B) 12%

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