the cost price of an article is $400 and selling price of the same article is $500 at what profit is the article sold what is the profit percentage?
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Answer:
Profit =100 PROFIT % = 25%
Step-by-step explanation:
C.P. = 400
C.P. = 400S.P. = 500
C.P. < S.P. = Profit
Profit = S.P. -C.P.
= 500 - 400
= 100
Profit % = Profit × 100
C.P.
= 100 × 100
400
= 100 × 1
4
= 25 %
Hope it helps u
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