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There is a profit of 10% when an item is sold at 5/6 of its actual selling price. What will be the profit percentage on the cost price when the item is sold at its actual selling price?
28%
32%
26%
30%
Correct option 2: 32%
Let the cost price of that article be Rs. 100x Selling price when sold at of original selling price = 100x + 100x x 10% ⇒ 110x Original selling price = 110x x = 132x Required profit % = [(132x-100x)/100x] x 100 ⇒ 32%
By: santosh ProfileResourcesReport error
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