If CP= 105, SP= 126, find profit%
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Determine your business's net income (Revenue – Expenses) Divide your net income by your revenue (also called net sales) Multiply your total by 100 to get your profit margin percentage.
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Answer:
In this question profit percent is
20%
Step-by-step explanation:
CP = 105
SP = 126
Profit = SP-CP = 126-105 = 21
Profit percent = profit×100÷CP
- 21×100÷105
- 2100 ÷ 105 (← both divided by 5) =
- 420 ÷ 21 (← both divided by 7) =
- 60 ÷ 3 (← both divided by 3) =
- 20 ÷ 1
20%
hope it helps.
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