70% of its cost price is equal to 40% of its selling price.then what is the proffit or loss percentage?

Question

nandini · Answer

Given, 70/100×cp=40/100×sp
then,sp/cp=7/4
here it is clear that,profit =sp-cp=7-4=3.
hence, profit%=profit/cp×100         
                          =3/4×100
                          =75%

Paras Mittal · Answer

75% profit

70% of its cost price is equal to 40% of its selling price.then what is the proffit or loss percentage?

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