Question 51
Ram makes a profit of 30%by selling an article. What would be the profit percent if it were calculated on the selling price instead of the cost price? (Correct to one decimal! place)
Solution
Let the cost price be Rs.100.
Selling price = 100 $$\times \frac{130}{100}$$ = Rs.130
Profit when it calculated on the selling price = $$\frac{30}{130} \times$$ 100 = 23.07% $$\approx$$ 23.1%
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