If a merchant estimates his profits as 20 % of the selling price, what is his profit percent? Show the process.
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1 Answers
Samaroha Nandi
·2013-07-13 03:18:23
Let sp be Rs 100
So,cp=100-20=Rs80
therfore, profit=100-80=Rs20
so, profit percent=(20/80)*100=25%
Therefore, Profit Percent is 25%