Multiple choice

If the selling price of an article is 4/3rd of its cost price, the profit percentage in the transaction is

  1. 50%

  2. 75%

  3. 331/3%

  4. 25%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

SP = (4/3)CP. Profit = SP - CP = (1/3)CP. Profit % = (Profit/CP) * 100 = (1/3) * 100 = 33.33%.

AI explanation

Using the profit percentage formula, ((Selling Price - Cost Price) / Cost Price) multiplied by 100, we substitute the given ratio. Let the cost price be 3 and the selling price be 4, making the profit 1. Therefore, (1 / 3) multiplied by 100 gives a profit of 331/3%.

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