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A person calculates 16(2)/(3)% profit at...

A person calculates `16(2)/(3)%` profit at S.P. find his profit at C.P.

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To solve the problem of finding the profit at Cost Price (C.P.) when a person calculates a profit of \(16 \frac{2}{3}\%\) at Selling Price (S.P.), we can follow these steps: ### Step 1: Convert the mixed fraction to an improper fraction The profit percentage given is \(16 \frac{2}{3}\%\). We first convert this to an improper fraction: \[ 16 \frac{2}{3} = \frac{50}{3}\% \] ### Step 2: Understand the relationship between Profit, Cost Price, and Selling Price The profit percentage is calculated based on the Selling Price (S.P.). The formula for profit percentage is: \[ \text{Profit Percentage} = \left( \frac{\text{Profit}}{\text{S.P.}} \right) \times 100 \] From this, we can express the profit in terms of S.P.: \[ \text{Profit} = \frac{50}{3} \times \frac{\text{S.P.}}{100} \] This simplifies to: \[ \text{Profit} = \frac{50 \times \text{S.P.}}{300} = \frac{1}{6} \times \text{S.P.} \] ### Step 3: Relate Selling Price to Cost Price We know that: \[ \text{S.P.} = \text{C.P.} + \text{Profit} \] Substituting the expression for Profit: \[ \text{S.P.} = \text{C.P.} + \frac{1}{6} \times \text{S.P.} \] To isolate C.P., we can rearrange this equation: \[ \text{S.P.} - \frac{1}{6} \times \text{S.P.} = \text{C.P.} \] This can be simplified to: \[ \frac{5}{6} \times \text{S.P.} = \text{C.P.} \] ### Step 4: Calculate Profit Percentage at Cost Price Now, we can find the profit percentage based on Cost Price: \[ \text{Profit} = \frac{1}{6} \times \text{S.P.} \] Substituting \(\text{C.P.} = \frac{5}{6} \times \text{S.P.}\): \[ \text{Profit Percentage at C.P.} = \left( \frac{\text{Profit}}{\text{C.P.}} \right) \times 100 \] Substituting the values: \[ \text{Profit Percentage at C.P.} = \left( \frac{\frac{1}{6} \times \text{S.P.}}{\frac{5}{6} \times \text{S.P.}} \right) \times 100 \] The S.P. cancels out: \[ \text{Profit Percentage at C.P.} = \left( \frac{1}{5} \right) \times 100 = 20\% \] ### Final Answer The profit at Cost Price is \(20\%\).
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ADVANCED MATHS BY ABHINAY MATHS ENGLISH-PROFIT & LOSS-Questions
  1. A person calculates 16(2)/(3)% profit at S.P. find his profit at C.P.

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  2. On selling an article for Rs. 1470 a man gets profit of 22.5%. Find th...

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  3. On selling an article for Rs. 155 a man bears loss of 16(2)/(3)%. Find...

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  4. In selling an article for Rs. 76, there is a profit of 52%. If it is s...

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  5. If books bought at price from Rs. 150 to Rs. 300 are sold at prices ra...

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  6. Loss incurred by selling an article for Rs 600 is equal to profit gain...

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  7. Loss incurred by selling an article for Rs 550 is equal to half of the...

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  8. The profit earned when an article is sold for Rs. 800 is 20 times the ...

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  9. Loss incurred by selling an article for Rs 800 is 23% more than profit...

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  10. Ratio of Loss incurred by selling an article for Rs 820 and profit gai...

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  11. The ratio of cost price and selling price is 5 : 4, the loss percent i...

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  12. The selling price of an article is 8/5 th of its cost price. Then the ...

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  13. Selling price of 25 articles is equal to cost price of 20 articles. Fi...

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  14. If the cost price of 25 articles is equal to the selling price of 35 a...

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  15. If the total cost of 73 articles having equal cost is Rs 5, 110 and th...

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  16. On selling 23 articles a person gains profit equal to selling price of...

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  17. On selling 25 articles a person incurred loss equal to cost price of 5...

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  18. On selling 17 articles for Rs 720 a person incurred loss equal to cost...

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  19. Cost price of 19 articles is Rs 625. By selling these articles A perso...

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  20. The cost price of 16 apples is equal to the selling price of 10 apples...

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  21. A person bought some articles at rate of 11 for Rs 10 and sold them at...

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