Question
A toy is sold for Rs. 900 at 50% profit when profit is
calculated on selling price. Find the profit% on cost price?Solution
Selling price = Rs. 900 Profit on selling price = 50% Profit = 900 × 50/100 = Rs. 450 So, cost price = 900 - 450 (selling price - profit) = 450 Profit on cost price = 450/450× 100 = 100%
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