Selling price of an article is 8/7 of cost price. What is the profit percentage?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 100/7+
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Understanding |
Application |
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Given: SP = 8/7 × CP ⇒ SP/CP = 8/7 |
Now, Profit percentage = [(8 – 7)/7] × 100 = 100/7% |