Question

1. If a man buys an article at 2/3rd of its value and sells it for
100/3% more than its value, what is his profit
percent based on cost?
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Answer 1

he buys for 2/3 rd of its value=66.66%of its original value

its original value is 100%

he sells for more than 100/3 of its value= original value percentage+ more than value he sells=100+33.33=133.33

now we have to subtract his puchase percentage from selling percentage.means=133.33-66.66=66.67%

now his profit percentage is 66.67%

Answer 2

Answer:

2/3rd value of 100 is 75%

so that

75×100/3%

75×100/300

25%

now 75+25=100%