Practicing Success
Ram makes a profit of 30%by selling an article. What would be the profit percent if it were calculated on the selling price instead of the cost price? (Correct to one decimal! place) |
22.4% 23.1% 20.1% 24.2% |
23.1% |
30% = \(\frac{3}{10}\) Let CP = 10 Then, SP = 13 Profit = 13 - 10 = 3 Profit % if profit calculated on selling price = \(\frac{3}{13}\) × 100 = 23.1% |