Multiple choice

In terms of percentage profit, which of the following transactions is the best?

  1. Cost Price = 60, Profit = 32

  2. Cost Price = 80, Profit = 44

  3. Cost Price = 50, Profit = 26

  4. Cost Price = 70, Profit = 40
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Percentage profit is calculated as (Profit / Cost Price) * 100. For A: 32/60 = 53.3%, B: 44/80 = 55%, C: 26/50 = 52%, D: 40/70 = 57.1%. Option D yields the highest percentage.

AI explanation

Using the profit percentage formula, (Profit / Cost Price) x 100, we calculate the percentage for each transaction. The respective profits are (32 / 60) x 100 at 53.33%, (44 / 80) x 100 at 55%, (26 / 50) x 100 at 52%, and (40 / 70) x 100 at 57.14%. The highest percentage profit is 57.14%, corresponding to a cost price of 70 and profit of 40.

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