25 percent of the cost price of an article is equal to the 10 percent of its selling price. What is the profit percentage?
Show answer & explanation
Correct answer: A
Explanation
25% of Cost Price = 10% of Selling Price
25CP = 10SP
SP / CP = 25 / 10 = 5 / 2
Profit Percentage = (5/2 - 1) × 100
= 3/2 × 100= 150%