Question

The ratio of cost price and selling price is 7:10.
The profit percent is​

Answer 1

Answer:

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Step-by-step explanation:

ANSWER ::

Let cost price = 7x

Selling price = 10x

Profit = 10x - 7x = 3x

So

Profit percent = 3x/7x ×100% = 300/7%

Answer 2

The profit percentage is 42.8%.

Given:

The ratio of cost price and selling price is 7:10.

To Find:

The profit percentage.

Solution:

Let the cost price be = 7x

Let selling price be = 10x

We know that;

Profit can be calculated by the formula:

Profit = selling price(SP) - cost price(CP)

Profit percentage = (( selling price - cost price)/(cost price)) x 100

Here,

Profit = 10x - 7x = 3x

So, the profit percentage  (3x/7x) x 100

=> 300/7 = 42.8%

Hence, the profit percentage is 42.8%.

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