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QUESTION
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If there is a profit of 20% on the cost price, then the percentage of profit on the sale price is ?
Solution
Let, the cost price, selling price and profit be C, S and P respectively.
P = S − C
P% = (S − C)/C
20% = (S −...
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Let, Cost price = 100
Profit percent = 20%
Therefore, selling price = 1.2(100) = 120
Profit = 120 − 100 =...
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