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