if the selling price of a product is Rs. 200/- and profit is Rs. 50, find the profit percentage.
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Remember always, profit percentage is calculated on the cost price.
If a person sells for ₹200 and has ₹50 profit in that, he bought it for ₹150 and therefore cost price(CP) is ₹150.
Profit percentage=(Profit/CP)*100
=(50/150)*100
=100/3
=33.33%
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