Multiple choice Selling price of an article is 8/7 of its cost price. What is the profit percentage? 100/9 100/11 100/8 100/7 Reveal answer Fill a bubble to check yourself D Correct answer Explanation SP = (8/7)CP. Profit = SP - CP = (8/7)CP - CP = (1/7)CP. Profit% = (Profit/CP) × 100 = (1/7) × 100 = 100/7%.