4 Views

Question : If the cost price is 40% of the selling price, then what is the profit percent?

Option 1: 50%

Option 2: 200%

Option 3: 100%

Option 4: 150%


Team Careers360 6th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: 150%


Solution : Let be the cost price as $C$ and the selling price as $S$
Now, cost price = 40% of $S$
⇒ $C$ = 0.04 × $S$
⇒ Profit = $S$ − $C$ = $S - 0.40 × S$
⇒ Profit = $S − 0.40 × S$ = 0.60 × $S$
⇒ Profit Percentage = $\frac{\text{Profit}}{\text{Cost Price}}$ × 100
= $\frac{\text{0.60 × S}}{\text{0.40 × S}}$×100
= $\frac{0.60}{0.40}$ × 100
= 1.5 × 100
= 150%
Hence, the correct answer is 150%.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books