What per cent of selling price would be 34% of cost price if gross profit is 26% of the selling price?

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Accepted Answer

Let the selling price of the article = Rs. 100 ∴ Profit = Rs. 26 ∴ Cost price of the article = 100 - 26 = Rs. 74 ∴ Required % = (34 x 74)/100 = 25.16%

What per cent of selling price would be 34% of cost price if gross profit is 26% of the selling price?

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