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      Question

      The cost price of an article is

      30% less than its selling price. For how much profit was it sold? (Round off up to 2 decimal places)
      A 48.86% Correct Answer Incorrect Answer
      B 42.86% Correct Answer Incorrect Answer
      C 33.86% Correct Answer Incorrect Answer
      D 25.25% Correct Answer Incorrect Answer

      Solution

      ATQ,

      Let the selling price of the article be Rs. β€˜100x’. So, the cost price of the article = 100x Γ— 0.7 = Rs. β€˜70x’. Profit earned = 100x – 70x = Rs. β€˜30x’. Required percentage = (30x/70x) Γ— 100 = 42.857% β‰ˆ 42.86%

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