profit and loss

mr. rajesh calculates his profit percentage as a percentage of selling price. he sells an item for rs.150 and calculates his profit percentage to be 20% what is the true profit percentage

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  1. P/150 = 0.20, P = $30.

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  2. 25%

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  3. (20×150) ÷100=30=profit, profit℅=(30×100) ÷120 =25℅ Hints=[cp=150-30=120]

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