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Profit and Loss percentage

I make a prof...

Question

I make a profit of 20% by selling an article. What would be the profit percent if it were calculated on the selling price instead of the cost price?

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Solution

Let $C P = 100$ then $S P = 120.$
Profit $%$ if it was calculated on SP will be $\frac{20}{120} \times 100 = 16.67 %$

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