Multiple choice

Passage

Directions: Study the following information and answer the question that follows. The table below shows the percentage profit or loss of five different commodities based on the sum of cost price and shipping cost. Name of Goods Cost Price (in million dollars) Selling Price (in million dollars) Cost of Shipping (in million dollars) Profit (in million dollars) Loss (in million dollars) Profit or Loss % Sugar 90 30 Salt 80 0 30 Vegetable oil 200 50 25 Grains 500 0 5% loss Wine 600 40 7% profit

The selling price of Vegetable oil is what percent of the cost price of Salt?

  1. 150%

  2. 250%

  3. 125%

  4. 200%

  5. 100%
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B Correct answer
AI explanation

From the table, the selling price of Vegetable oil is the sum of its cost price, shipping cost, and profit, which is 200 + 50 + 25 = 275 million dollars. The cost price of Salt is the sum of its base cost, shipping cost, and loss, which is 80 + 0 + 30 = 110 million dollars. To find the required percentage, we calculate (275 / 110) * 100, which equals 250%.

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