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    Question

    An item is sold at a profit of

    35% when the profit is calculated on the selling price. What will the profit percentage be if calculated on the cost price? Round off your answer to the nearest integer.
    A 25% Correct Answer Incorrect Answer
    B 54% Correct Answer Incorrect Answer
    C 74% Correct Answer Incorrect Answer
    D 12% Correct Answer Incorrect Answer

    Solution

    ATQ, Let the selling price of the item be Rs. '100x'. So, profit earned on selling the item = 100x × 0.35 = 35x So, cost price of the item = 100x - 35x = 65x Therefore, required profit earned = (35x/65x) × 100 = (700/13) ~ 54%

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