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Multiple choice

Selling price of an article is 8/7 of its cost price. What is the profit percentage?

  1. 100/9

  2. 100/11

  3. 100/8

  4. 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%.

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