Question
Download Solution PDFIf the cost price is 72% of the selling price, then what is the percentage of profit (correct to 2 decimal places)
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
The cost price is 72% of the selling price.
Concept used:
Profit% =
Calculation:
Let the selling price be 100x.
Cost price = 100x × 72% = 72x
Now, profit% =
∴ The profit percentage is 38.89%.
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