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profit and loss account format

2 Articles

In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit ?

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Answer : B .70%

The C.P of 15 books is equal to the S.P of 18 books. Find the gain% or loss% ?

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Answer : A. 16 2/3 % loss

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