A person sold an article at 20% profit on selling price. Afterward when the cost price reduce by 10% then he also reduce the selling price by 10% . The % profit on the cost price will be?
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Gain percent = (Gain/S.P)*100
=>20=((SP-CP)/SP) * 100
=>S.P= 5 (S.P - C.P)
=>5 CP= 4 CP
=>SP=(5*CP/4)
=>SP= (1+1/4)CP
Therefore gain = 25%
Sp=100 (since 20%profit on selling price)
Cp=80
New cp=72( reduced by 10%)
New Sp= 90
Profit%= ((90-72)/72)*100%=25%
20%
20%
20% profit.
100 cp......120sp
90cp..........108sp
(18/90)×100 gives 20%