Question 78

A trader makes a profit equal to the selling price of 75 articles when he sold 100 of the articles. What % profit did he make in the transaction?

Solution

It is given that profit on 100 articles = SP of 75 articles

100(SP-CP) = 75*SP

4(SP-CP) = 3SP

SP = 4CP

Profit = $$\ \frac{\ SP-CP}{CP}\times\ 100$$

=$$\ \frac{\ 4CP-CP}{CP}\times\ 100$$

=300%

C is the correct answer.

Video Solution

video

Create a FREE account and get:

  • All Quant Formulas and shortcuts PDF
  • 170+ previous papers with solutions PDF
  • Top 5000+ MBA exam Solved Questions for Free

cracku

Boost your Prep!

Download App