If cost price of 40 books are equal to selling price of 32 books. Then find the loss or profit percentage?
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Answer:
25% profit
Step-by-step explanation:
Let say cost price of 1 = c
Selling price of 1 = s
32s = 40c
4s = 5c
s = 5c/4
Profit = {(s-c)/c}× 100
= {((5c/4)- c) c}×100
= 100/4
= 25 %
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