Question

a shopkeeper calculated his profit as 12% with the selling price of an article as the base.what would have been his actual profit percentage if the selling pricee was 20% more?​

Answer 1

Step-by-step explanation:

Formula to calculate cost price if selling price and profit percentage are given: CP = ( SP * 100 ) / ( 100 + percentage profit). Formula to calculate cost price if selling price and loss percentage are given: CP = ( SP * 100 ) / ( 100 – percentage loss ).

u also solve this question.. this is formula

Answer 2

Answer:

34.4

Step-by-step explanation:

let cost price = 100

20 % more of cost price is selling price i.e 100+20% = 120

profit is calculated by taking selling price as base so - 120 + 12 % = 134.4

Therefore profit over cost price = 34.4