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In each of these questions, two quantities A and B are given compare the two quantities and mark answer as
Question 128
A merchant made a profit of ₹2.75 on the sale price of a sweater that cost the merchant ₹ 12.25
A. The Profit expressed as a percentage of the cost to the merchant.
B. The Profit expressed as a percent of the sale price.
Solution
CP = 12.25
SP = 12.25 + 2.75 = 15
The Profit expressed as a percentage of the cost = (SP-CP)/CP * 100 = 22.44%
The Profit expressed as a percent of the sale price = (SP-CP)/SP = 18.33%
