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Important Question for Profit and Loss Chapter

Published on Monday, February 23, 2015
Few minutes back, A follower sent me a Profit and Loss on my Facebook page. I am sharing the question and solution with all.

Here is the questions


 In the question it is mentioned that "Percent profit" is equal to cost. You can check the solution above.

But in case it is mentioned that "Profit" is equal to "Cost". Then we simply need to divide Sales price into two parts one become Profit and another become Cost price.

That was quite straight forward.

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