Given:
Cost price is 72% of selling price
Formula Used:
Profit % =
Solution:
Let the Selling Price (SP) be 100 units.
Then, Cost Price (CP) = 72% of SP = 72
Profit = SP - CP = 100 - 72 = 28
Profit % = () × 100 = 38.888...
Rounded to two decimal places = 38.89%
English
80 Questions
160 Marks
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