an article is sold at a certain price had it been sold at 60% of this price there would have been loss of 35% what is the percentage profit now
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Answer:
8.33%
Step-by-step explanation:
let original s.p of article be 'Rs 100 & c.p = x
new s.p = 60% of 100 = Rs 60
x - .35x = 60 => 0.65 x = 60
x = 6000/65
profit = (100- 6000/65) = 500/65
profit % = 500/65 * 100/6000/65
= 8 1/3% = 8.33%
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