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Question 66
Selling price of an article is $$\frac{8}{7}$$ of cost price. What is the profit percentage?
Solution
Profit = $$\frac{8}{7} CP - CP= \frac{1}{7} CP$$
Profit Percentage = $$\frac{\frac{1}{7} CP}{CP} \times 100 =\frac{100}{7}$$
So , the answer would be option d)$$\frac{100}{7}$$
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