By selling an article for rupees3600man makes a profit of 20% what is the cost price of the article what good hedge gain perc
ent if he sold the article for 4000
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Answer:
gain percentage 38.88 %
Step-by-step explanation:
selling price = 3600
profit percent =20 % so
profit = 20÷100 × (3600) = 720
cost price = selling price - profit
= 3600 - 720 = 2880 so
if he sold article for 4000 rupees
profit = s.p - c.p = 4000 - 2880
gain = 1120
now calculate profit percentage
= (gain / cost price) × 100
= 1120 ÷ 2880 ×100
p % = 38.88 %
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