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%
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%.
Related Questions
Know More about
Staff Selection Commission Multi Tasking ...
Answer Key | Cutoff | Selection Process | Preparation Tips | Eligibility | Application | Exam Pattern
Get Updates Brochure
Your Staff Selection Commission Multi Tasking Staff Exam brochure has been successfully mailed to your registered email id “”.
