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      Question

      If 70% of the cost price of an article is equal to 40%

      of its selling price, what is the profit percentage?
      A 85% Correct Answer Incorrect Answer
      B 75% Correct Answer Incorrect Answer
      C 45% Correct Answer Incorrect Answer
      D 20% Correct Answer Incorrect Answer

      Solution

      Let the cost price be Rs. 100 and selling price be y According to the question ┬а 70 x 100/100 = 40y/100 ┬а y = 175 Profit = 175-100 Profit = Rs. 75 ┬а net profit % is 75%

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