Question

Taking 20% profit an article is sold for 60 rs. if the same article is sold for rs 70 then find the percent profit?

Answer 1

Please see the attachment

Answer 2

Answer:

40

Step-by-step explanation:

article is sold for 60 rs -> 20% profit

First of all we will find the cost price , ∴ ((100+20)/100) * cp = 60

∴cp = ((60*100)/120) => 50 (i.e cp = 50)

when article is sold for rs 70 then find %profit is given as follow

∴ %P = ((sp-cp)/cp) * 100

sp =  ((70-50)/50) * 100

∴ sp= 40%