when profit is 5% of sp find the Profit or loss percent?
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Answer:
As profit percent is given, we use the following formula.
CP (100 + P%)
SP = ------------------
100
450 (100 + 5)
SP = ------------------
100
450 x 105
SP = -------------
100
47250
SP = -----------
100
∴ Selling price = $472.50
Step-by-step explanation:
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