If the cost price of 18 cycles is equal to selling price of 16 cycles,
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Answer:
Let CP of 1 cycle be x.
CP of 18x = selling price of 16 chairs.
CP of 16 chairs = 16x.
Since, SP > CP
Profit :- SP - CP
18x - 16x = 2x.
Profit % = 2x / 16x * 100
➡ 100 / 8 = 12.5 % profit
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