question archive Total cost of a product: Rs

Total cost of a product: Rs

Subject:AccountingPrice:2.87 Bought7

Total cost of a product: Rs. 10,000 Profit: 25% on Selling Price Profit is:

(A) Rs. 2,500
(B) Rs. 3,000
(0) Rs. 3,333
(D) Rs. 2,000?

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Answer:

Profit on C.P = 10000 × 25/100 = 2500

Profit on S.P = 2500/(10000-2500) × 10000 = Rs. 3,333