An article was sold at a profit of 10% on cost. What is the percentage of profit on sales??
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Selling price of an article = Rs 250
Profit = 5%
Cost price = (100 x SP) / ( 100 + gain)
Cost price = (100 x 250) / 105
Cost price = (100 x 250) / 105 = Rs. 238
Profit = 5%
Cost price = (100 x SP) / ( 100 + gain)
Cost price = (100 x 250) / 105
Cost price = (100 x 250) / 105 = Rs. 238
Answered by
2
Answer:
Let CP be 100
profit%= 10%
SP= 100+profit%/100 *CP=110
Profit=10
profit%= 10÷110×100= 9 1/11%
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