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Profit and Loss

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  1. The ratio of cost price and selling price of an article is 8 : 9. The profit percent is
    1. 20%
    2. 15%
    3. 12.5%
    4. 10%
Correct Option: C

Let the CP = 8k and SP = 9k
∴ Profit = SP - CP = (9k – 8k) = k

∴ Profit % =
k
 × 100 =
25
 = 12.5%
8k2


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