The ratio of the marked price and the cost price of a pen is 3 : 2 while the ratio of marked price and selling price is 5 : 4. What is the profit percentage?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 20%.
| Understanding/Application |
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MP : CP = 3 : 2 Multiplying 5 with numerator and denominator MP : CP = 15 : 10 MP : SP = 5 : 4 Multiplying 3 with numerator and denominator MP : SP = 15 : 12 MP : CP : SP = 15 : 10 : 12 |
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C.P. = 10X S.P. = 12X Profit% = [(12x - 10x)/10x] × 100 = 20% |