If the cost price of a camera is 75% of its selling price, then the profit per cent is:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 33%.
Let selling price = 100
Cost price = 75% of selling price = 75
Profit = Selling price - Cost price = 100 - 75 = 25
Profit percentage = (Profit / Cost price) × 100 = (25 / 75) × 100 = 33%