Question 58

What per cent selling price would be 34% of the cost price if the gross profit is 26% of the selling price?

Solution

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Let us assume the Selling Price = Rs.100

It is given that the gross profit is 26% of the selling price = 26% of 100 = 26

Therefore, Profit = Rs.26

Cost Price = Selling Price - Profit = 100-26 = Rs. 74

34% of the cost price = 74*0.34 = Rs. 25.16

We need to find What per cent selling price would be 34% of the cost price.

That is (25.16/100)*100 = 25.16%

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