the cp of an article is 90%of its sp .find his profit percentage
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3
Let the Selling Price = 100
Given Cost Price = 90
Profit = Selling price - Cost price
= 100 - 90
= 10
Profit% = 10/90 * 100
= 11.11%
Hope this helps!
Answered by
1
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let the selling price be x
.
Find Cost Price:
Cost price = 90% of x = 0.9x
.
Find Profit:
Profit = x - 0.9x = 0.1x
.
Find Profit Percentage:
Profit margin = 0.1x/0.9x x 100 = 11.11%
.
Answer; The p rofit percentage is 11.11%
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