Question

The cost price of an article is 30% less than its selling price find the profit or the loss as percent

Answer 1

Let S.P. = 100

C.P. = 100 - 100 x 30/100 = 100 - 30 = 70

Profit = 100 - 70 = 30

Profit % = 30 x 100/70 = 42.85%

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Answer 2

Answer:

LET CP BE Rs.100

SP =30% = 30/100*100

PROFIT = 100-30=70

PROFIT % = 30*100/70= 42.85%