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    Question

    The cost price of an article is 30% less than its selling price. For how much profit was it sold? (Round off up to 2 decimal places)

    A 48.86% Correct Answer Incorrect Answer
    B 42.86% Correct Answer Incorrect Answer
    C 33.86% Correct Answer Incorrect Answer
    D 25.25% Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the selling price of the article be Rs. ‘100x’. So, the cost price of the article = 100x × 0.7 = Rs. ‘70x’. Profit earned = 100x – 70x = Rs. ‘30x’. Required percentage = (30x/70x) × 100 = 42.857% ≈ 42.86%

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