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Question
Download Solution PDF- 33.33%
- 31%
- 42%
- 36%
Answer (Detailed Solution Below)
Option 1 : 33.33%
Detailed Solution
Download Solution PDFGiven
Profit % on selling price is 25%
Concept used
Profit % = (Profit / CP) ×100
Profit = SP – CP
Calculation
Let SP be 100x
So, Profit = 25x,
As we know, Profit = SP– CP,
CP = SP – Profit
CP = 100x - 25x
CP = 75x
Profit% =(25/75)× 100
Profit % = 33.33%
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