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Let the cost price be x.
Given that selling price is 4/3 of cost price = 4/3 * x = 4x/3
We know that profit = SP - CP
= 4x/3 - x
= x/3.
Profit% = (x/3/x) * 100
= 33.3%
Given that selling price is 4/3 of cost price = 4/3 * x = 4x/3
We know that profit = SP - CP
= 4x/3 - x
= x/3.
Profit% = (x/3/x) * 100
= 33.3%
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