Question : 40% of the cost price of an article is equal to 25% of its selling price. What is the profit percentage?
Option 1: 150%
Option 2: 120%
Option 3: 50%
Option 4: 60%
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Correct Answer: 60%
Solution : Given: 40% of the cost price (CP) of an article is equal to 25% of its selling price (SP). 40% of CP = 25% of SP ⇒ CP : SP = 25 : 40 = 5 : 8 Now let CP = 5 units and SP = 8 units So, Profit percentage = $\frac{\text{Selling price – Cost price}}{\text{Cost price}}×100=(\frac{8-5}{5})×100 = 60\%$ Hence, the correct answer is 60%.
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