Practicing Success
There is a profit of 10% when an item is sold at $\frac{5}{6}$ of its actual selling price. What will be the profit percentage on the cost price when the item is sold at its actual selling price? |
28% 32% 26% 30% |
32% |
When the item is sold at $\frac{5}{6}$ of its actual selling price \(\frac{SP}{Actual \; SP}\) = \(\frac{6}{5}\) 110% of CP = 5 100% of CP = 4.54 Actual selling price = 6 Profit it is sold at actual selling price = (6-4.54) × \(\frac{100}{4.54}\) = 32% |