A merchant buys an item for Rs. 200 and sells it for Rs. 250 after a 5% tax is levied on the selling price. What is the approximate profit percentage?
A merchant buys an item for Rs. 200 and sells it for…
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A merchant buys an item for Rs. 200 and sells it for Rs. 250 after a 5% tax is levied on the selling price. What is the approximate profit percentage?
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