Multiple choice

If S.P. of an article is $\dfrac {4}{3}$ of its C.P. What is the profit percentage in the transaction?

  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 % = ((1/3)CP / CP) * 100 = 33 1/3%.

AI explanation

Let the cost price be Rs. 3, making the selling price Rs. 4 based on the given ratio. Using the profit percentage formula, profit percentage equals profit divided by cost price multiplied by 100. The profit is 4 minus 3, which is 1, so the calculation is 1 divided by 3 multiplied by 100. This results in a profit of 33 and one-third percent.

Keep practicing — related questions