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Madhuparna sold an article such that the ratio of its selling price to cost price was 8 ∶ 7. Find the profit percentage of her transaction.1). 8.54%2). 10.25%3). 14.28%4). 15.24% |
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Answer» We know that profit percentage [(s – c)/c] × 100, where s is the SELLING price and c is the COST price. Here, s/c = 8/7 or (s – c)/c = 8/7 - 1 On putting this in the equation above we get Profit percentage = (8/7 – 1) × 100 = 14.28% |
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