The article was sold at $$\frac{4}{3}$$ times of its cost price. The profit percentage is:
The article was sold at $$\frac{4}{3}$$ times of its cost price.
Let's assume the cost price of the article is 3y.
selling price =Â $$\frac{4}{3}\times3y$$ = 4y
The profit percentage =Â $$\frac{\left(4y-3y\right)}{3y}\times100$$
= $$\frac{y}{3y}\times100$$
=Â $$33\frac{1}{3}$$%
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