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Question
The marked price of 42 items was equal to the cost price of 70 items.
The marked price of 42 items was equal to the cost price of 70 items.
The selling price of 25 items was equal to the marked price of 21
items. Calculate the percentage profit or loss from the sale of each
item.
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Answer
Hi Aswan,
It is given,
42M.P = 70C.P .... (1)
25S.P = 21M.P .... (2)
50S.P = 42M.P = 70C.P
Let 50S.P = 42M.P = 70C.P = k
S.P = k/50
C.P = k/70
Profit = 20k/3500
Profit % = 20k/3500*70/k *100 = 40%
Hope this helps!
