Question

    If 70% of the cost price of an article is equal to 40% of its selling price, what is the profit percentage?

    A 85% Correct Answer Incorrect Answer
    B 75% Correct Answer Incorrect Answer
    C 45% Correct Answer Incorrect Answer
    D 20% Correct Answer Incorrect Answer

    Solution

    Let the cost price be Rs. 100 and selling price be y According to the question   70 x 100/100 = 40y/100   y = 175 Profit = 175-100 Profit = Rs. 75   net profit % is 75%

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