Question

    If a person calculates his profit % on selling price and according to him, his profit is 25%. Find his actual profit%.

    A 33.33% Correct Answer Incorrect Answer
    B 22.2% Correct Answer Incorrect Answer
    C 21% Correct Answer Incorrect Answer
    D 25% Correct Answer Incorrect Answer

    Solution

    P =25% on selling price =1/4      where 1=P,4=SP Then – CP=4-1=3 Now Profit on CP= (1/3) ×100 =33.33%.

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