Question
If the profit is 25% of the cost price, then it
is:Solution
Let cost price = ₹100, profit = ₹25, then selling price = ₹125 Profit as % of sales = 25 / 125 × 100 = 20% Oops! That’s wrong — wait: Let’s retry: If profit is 25% of cost, and cost = ₹100 Then selling price = ₹125 So profit as % of selling price = 25/125 = 20%
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