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The ratio of cost price to selling price of an item is 15 : 17. What is the profit percentage?

1. 10%
2. 13.33%
3. 15%
4. 11.5%

Correct answer: 13.33%

Solution

With CP = 15 and SP = 17, Profit = 17 - 15 = 2. Profit% = (2/15) x 100 = 13.33%.

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