P bought an article for rs 400 and sold it at a profut of 10%.what would have been the profit % if it was sold for rs460
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Cost price = Rs.400
selling price = Rs.460
Profit = S.P. - C.P.
= 460 - 400
= Rs.60
Profit % = profit/C.P × 100
= 60/400 × 100
= 15 %
So the profit will be
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profit of sold 10%profit cut
440
and 460
profit of 460 is 15%
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