shopkeeper sells his good at 8 1/3% profit on selling price find actual profit percent
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Step-by-step explanation:
We will learn how to calculate profit and profit percent.
If selling price is more than the cost price (S.P. > C.P.), there is a profit.
Profit = S.P. – C. P.
or, S. P. = P + C. P.
C.P. = S. P. – P
Profit percent → profit on $ 100 is called profit%
Profit% is always calculated on C.P
So, profit% = profit/C.P x 100
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your answer is wrong the right answer is 9.09%
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