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Question : The selling price of a desktop is 9 times the profit earned on selling this desktop. What is the profit percentage?

Option 1: 10%

Option 2: 12.5%

Option 3: 11.11%

Option 4: 8.33%


Team Careers360 25th Jan, 2024
Answer (1)
Team Careers360 27th Jan, 2024

Correct Answer: 12.5%


Solution : Let's the cost price of the desktop as $C$, the profit as $P$, and the selling price as $S$
Selling Price = Cost Price + Profit
⇒ $S = 9P$
⇒ $C + P = 9P$
⇒ $C = 8P$
So, Profit % = $\frac{Profit}{Cost Price}$×100  = $\frac{P}{8P}$ ​×100 = 12.5%
Hence, the correct answer is 12.5%.

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