If the ratio of cost price and selling price is 5:6 then what is the price profit in percentage?
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Step-by-step explanation:
ratio of cost price and selling price is 5:6
if cost price is 5x then selling price = 6x
profit = selling price - cost price = 6x - 5x = x
profit percentage = (profit/cost price) × 100 = (x/5x) × 100 = 100/5 = 20%
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