Selling price of a article is 4/3 of its cost price . Find its profit or loss percentage
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Answer :-
Selling price of a article is 4/3 of its cost price
Let CP ( cost price) of an article be x
Therefore,
SP (Selling price) of an article be 4/3x
According to the questions,
SP is greater than CP . So , It means they gain profit.
Profit = SP - CP
Profit = 4/3x - x
Profit = x /3
Now, Calculating gain percent.
Gain % = Profit / CP * 100
Put the values in the formula
Gain % = x/3/x * 100
Gain % = x * 100 / 3 * x
Gain % , 100/ 3
Gain % = 33.33 %
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