the ratio of cost price and selling price of an article is 20:21.what is the profit percent on item
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profit% = (profit x 100)/cost price [formula]
cost price = ₹ 20X
selling price = ₹ 21X
profit = 21X – 20X = X
p% = (X x 100)/20X = 5%
cost price = ₹ 20X
selling price = ₹ 21X
profit = 21X – 20X = X
p% = (X x 100)/20X = 5%
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nice question actually because the ratio........
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