Multiple choice

If a merchant estimates his profit as 14% of selling price, then what is the real profit percent?

  1. 16.28%

  2. 15.25%

  3. 14.5%

  4. 12%

  5. 13.28%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Use this shortcut formula,

Real profit% (% profit on CP) = % profit on SP * 100/(100 - % profit on SP) 

= (14 * 100)/(100 - 14) 

= 16.28%

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