If profit as a percentage of the selling price is 18%, then what is the profit as a percentage of the cost price?21%21.95%22%22.5%

Question

If profit as a percentage of the selling price is 18%, then what is the profit as a percentage of the cost price?21%21.95%22%22.5%
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Solution 1

Let's solve this step by step:

  1. We know that Profit = Selling Price - Cost Price.

  2. Given that Profit is 18% of the Selling Price, we can write this as: Profit = 18/100 * Selling Price.

  3. We need to find the Profit as a percentage of the Cost Price. Let's express the Cost Price in terms of Se Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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