Cost price of an item in two-third Of its selling price.find the profit or loss percentage?
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Answer:
Profit Percentage is 50%
Explanation:
Since SP>CP, So it is Profit
C.P. = 2/3 S.P.
SP-CP = Profit
Profit % = (Profit *100)/CP
=(SP - 2/3SP)*100
/(2/3SP)
= 50
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