The ratio of cost price and selling price is 25 : 26. The percent of the profit will be:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 4%
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Understanding |
Application |
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The ratio of cost price and selling price 25 : 26 We know: Profit = [(SP – CP)/CP] × 100 |
Hence, Profit percentage = [(26 - 25)/25] × 100 = 4% |