Question 71
The profit earned on an article is 25%. If profit is calculated on the selling price, then what will be the profit percentage?
Solution
Let CP= 100 Rs
Then SP = 125 Rs
%Profit = $$\frac{(SP-CP)}{SP}\times\ 100$$ = $$\frac{(125-100)}{125}\times\ 100$$ = 20%
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