peter sold an article for $1000 and earned $150 as profit. what is the profit percentage?
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Hi,
Selling price of an article = SP = $1000
Profit = $150
Cost price of the article (C.P) = S.P - profit
= $1000 - $150
= $850
Profit percentage = ( profit × 100 ) / C.P
= ( $150 × 100 ) / $850
= 17.647 %
I hope this helps you.
:)
Selling price of an article = SP = $1000
Profit = $150
Cost price of the article (C.P) = S.P - profit
= $1000 - $150
= $850
Profit percentage = ( profit × 100 ) / C.P
= ( $150 × 100 ) / $850
= 17.647 %
I hope this helps you.
:)
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