Math Problem Statement
If the selling price of the article is reduced by 40% and the cost price remains the same, the profit reduces by 50% . Find the original profit % of the article
Solution
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Math Problem Analysis
Mathematical Concepts
Profit and Loss
Percentage
Algebra
Formulas
Profit = Selling Price - Cost Price
Profit Percentage = (Profit / Cost Price) × 100
Theorems
Linear Equations
Percentage Change
Suitable Grade Level
Grades 10-12
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