The ratio of the cost price of an article to its selling price is 432 ∶ 612. The profit percentage (rounded off to 2 decimal places) on it is:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 41.67%.
CP : SP = 432 : 612
Let CP = 432, SP = 612
Profit = SP - CP
Profit = 612 - 432 = 180
Profit% = × 100 = 41.67%