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A cupboard bought for Rs 2,500 and sold at Rs 3,000. What is the profit or loss in the transaction? Also, find the profit percent or loss percent if it was sold for Rs 2000. [4 MARKS]

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A cupboard bought for Rs 2,500 and sold at Rs 3,000. What is the profit or loss in the transaction? Also, find the profit percent or loss percent if it was sold for Rs 2000.
[4 MARKS]



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