Question
If 70% of the cost price of an article is equal to 40%
of its selling price, what is the profit percentage?Solution
Let the cost price be Rs. 100 and selling price be y According to the question ⇒ 70 × 100/100 = 40y/100 ⇒ y = 175 ⇒ Profit = 175 – 100 ⇒ Profit = Rs. 75 ∴ net profit % is 75%
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