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
Solution 1
Let's solve this step by step:
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We know that Profit = Selling Price - Cost Price.
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Given that Profit is 18% of the Selling Price, we can write this as: Profit = 18/100 * Selling Price.
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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 is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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