The ratio of cost price and selling price is 4:5.The profit percent is10%20%25%30%
Question
The ratio of cost price and selling price is 4:5.The profit percent is10%20%25%30%
Solution
The given ratio of cost price (CP) to selling price (SP) is 4:5.
Step 1: Let's assume the cost price to be 4x and the selling price to be 5x.
Step 2: We know that profit is calculated as SP - CP. So, in this case, profit would be 5x - 4x = x.
Step 3: Profit percent is calculated as (Profit/CP)*100. Substituting the values we get, (x/4x)*100 = 25%.
So, the profit percent is 25%.
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