if there is 20% profit on sp, find the rate of profit on cp
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Answered by
1
Answer:
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Answered by
0
Answer:
hii
Step-by-step explanation:
According to question,
20% profit on CP =1→Profit5→CP
∴ SP = CP + Profit
SP = 5 + 1
SP = 6
Percentage of profit calculated on SP
Profit% = zProfitSP×100
=16×100=1623%
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