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Pallavi bought 8 tables for Rs 1200 each and sold them for Rs 1400 each. What was the percentage of her profit or loss?

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Cost price of 1 table = Rs 1200

∴ Cost price of 8 tables = 1200 x 8 = Rs 9600

Selling price of 1 table = Rs 1400

∴ Selling price of 8 tables = 1400 x8 

= Rs 11200 

Selling price is greater than the cost price.

∴ Pallavi made a profit. 

∴ Profit = Selling price – Cost price 

= 11200 – 9600 

= Rs 1600 

Let Pallavi make a profit of x%.

∴ Pallavi made a profit of 16\(\cfrac{2}{3}\)%.

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