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If the profit is 1/4 of the sales, then it is _______?

If the profit is 1/4 of the sales, then it is _______?

Explanation
  • If profit = 1/4 of sales, then sales = cost price + profit.
  • Let cost price be X and sales be S, then S = X + (1/4)S.

  • Solving for X, cost price = 3/4 of sales, so profit = (1/4) / (3/4) = 1/3 of the cost price.