The cost price of an article is 25% less than its selling price. Determine the profit percent.
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The cost price of an article is 25% less than its selling price. Determine the profit percent.
✔Right answer will be marked as brainliest !
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Cost price = a - 25% of a
= a - a/4
= 3a/4
Gain = Selling price - Cost Price
= a - 3a/4
= a/4
Now,
GAIN PERCENT= GAIN × 100 / COST PRICE
= [ ( a/4) × 100 ]/ ( 3a/4)
= 100a/3a
= 33.3 %