1.

70% of the cost price of a article is equal to the 40% of its selling price. What is the profit or loss percentage?1). 63% loss2). 70% loss3). 75% profit4). 80% profit

Answer»

LET the cost price be RS. 100 and SELLING price be y

According to the question

⇒ 70 × 100/100 = 40y/100

⇒ y = 175

⇒ Profit = 175 – 100

⇒ Profit = Rs. 75

∴ net profit % is 75%


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