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What per cent selling price would be 34% of the cost price if the gross profit is 26% of the selling price?
Let the selling price of the article = Rs. 100
Therefore,
Profit = Rs. 26
So, Cost price of the article = S.P. - Profit
= 100 - 26 = Rs. 74
So,
Required % = (34 x 74)/100
= 25.16%
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