A merchant earns 25% profit on selling price. what would be this percentage of profit on cost price.
Answers
Answer:
33.33%
Step-by-step explanation:
This can be understood as below:
If the Selling price is Rs.100
Profit will be 25 % i.e. Rs.25
Hence the cost will become Rs.75 i.e. (Rs.100 - Rs. 25)
Therefore the profit on cost will become = Profit / Cost *100
Profit on cost = Rs.25 *100
Rs.75
Profit on cost will be = 33.33% (Ans)
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A merchant earns 25% profit on selling price. what would be this percentage of profit on cost price.
This can be understood as below:
If the Selling price is Rs.100
Profit will be 25 % i.e. Rs.25
Hence the cost will become Rs.75 i.e. (Rs.100 - Rs. 25)
Therefore the profit on cost will become = Profit / Cost *100
Profit on cost = Rs.25 *100
Rs.75
Profit on cost will be = 33.33%
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