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)Solution
ATQ,
Let the selling price of the article be Rs. β100xβ. So, the cost price of the article = 100x Γ 0.7 = Rs. β70xβ. Profit earned = 100x β 70x = Rs. β30xβ. Required percentage = (30x/70x) Γ 100 = 42.857% β 42.86%
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