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Question 61
If cost price of an article is 30% less than the selling price of that article, then what will be the profit percentage?
Solution
Let Selling Price of the product be Rs.100
Then, Cost Price = Rs.100-30% of Rs.100 = Rs.100-Rs.30 = Rs.70
Profit percentage = $$\dfrac{100-70}{70}\times100 = \dfrac{30}{70}\times100 = 42.84$$%
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