The selling price of an artical is 4/3 of its cost price.find the profit percentage
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Given, S.P = 4/3 C.P
Assume C.P = 3
Then, S.P = 4/3 * 3 = 4
Profit = S.P - C.P = 1
Profit% = Profit/C.P * 100 = 1/3 * 100 = 33.33%
Assume C.P = 3
Then, S.P = 4/3 * 3 = 4
Profit = S.P - C.P = 1
Profit% = Profit/C.P * 100 = 1/3 * 100 = 33.33%
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