If profit earned is 25% of the selling price, what is the profit percentage on cost price?
Show answer & explanation
Correct answer: A
Explanation
Given:
Profit = 25% of the selling price
Let the selling price = 100
Profit = 25
Cost price = 100 − 25 = 75
Profit % = (25 / 75) × 100 = 33.33%