Multiple choice

If selling price of an article is $\dfrac {4}{3}$ of its cost price, the profit in the transaction is

  1. $\dfrac {1}{3}$ $\%$
  2. $20\dfrac {1}{2}$ $\%$
  3. $33\dfrac {1}{3}$ $\%$
  4. $25\dfrac {1}{2}$ $\%$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

SP = (4/3) * CP. Profit = SP - CP = (4/3)CP - CP = (1/3)CP. Profit percentage = ((1/3)CP / CP) * 100 = 33.33% or 33 1/3%.

AI explanation

Let the cost price be 3, making the selling price 4/3 of 3, which is 4. Using the profit formula, Profit = Selling Price - Cost Price, the profit is 4 - 3 = 1. Applying the profit percentage formula, (1 / 3) * 100 gives a profit of 33 1/3%.

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