Word Problem 19

Problem 19: A boy buys an article at 75% of its value and sells it for 20% more than its value. His percent profit based on cost will be;

a. 50%           b.60%           c. 70%          d. 75%

— Value math —

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Solution:

Let value of the article is ‘y’ Rs. He buys it at 75% of its value i-e;

or

He sells it at 20% more of its initial value i-e;

Now using profit formula

So profit is 45% of CP

To find %age of profit on CP we use %age formula;

Insert math as
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