Question

    Suppose the profit % is 40% when

    calculated based on the selling price, what would be the profit percentage when calculated based on the cost price?
    A 55(2/3)% Correct Answer Incorrect Answer
    B 66(2/3)% Correct Answer Incorrect Answer
    C 44(2/3)% Correct Answer Incorrect Answer
    D 11(2/3)% Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the selling price of item be Rs. '100x'. Profit earned when calculated on its selling price = 0.4x × 100x = Rs '40x' Cost price of item = 100x - 40x = Rs. '60x' Therefore, required profit % = (40x/60x) × 100 = 66(2/3)%

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