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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