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17 October, 16:51

A businessman bought a fairly used radio set for 950$ and spent 250$ for repairing it before selling it for 1500$. calculate the percentage profit

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  1. 17 October, 20:36
    0
    25 %

    Explanation:

    Buying price for the radio $950

    cost of repairs $ 250

    Total cost associated with the radio

    = $950 + $250

    =$1200

    profit from the radio = Selling price - cost price

    =$1500 - $1200

    =$300

    percentage profit = profits/cost x 100

    =300/1200 x 100

    =0.25 x 100

    =25 per cent
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