Multiple choice

The ratio of cost price and selling price 25 : 26. The percent of profit will be

  1. 26%

  2. 25%

  3. 1%

  4. 4%
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D Correct answer
Explanation

Ratio of CP to SP is 25:26. Profit = 26 - 25 = 1. Profit percentage = (Profit / CP) * 100 = (1 / 25) * 100 = 4%.

AI explanation

The ratio of the cost price to the selling price is 25 to 26, meaning the profit is 26 minus 25, which equals 1 unit. Applying the profit percentage formula of profit divided by cost price times 100 gives 1 divided by 25 times 100. This calculation results in a profit of 4 percent.

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