Question

If the cost price of a camera is 75% of its selling price, then the profit per cent is:

• A. 33 1/3 %
• B. 25 %
• C. 16 2/3 %
• D. 24 %

Answer 1

Answer:

A. 33 1/3 %

Cost Price (CP) = 75% of Selling Price (SP)
$\text{CP} = 0.75,\text{SP}$

Profit = SP − CP
$= SP - 0.75SP = 0.25SP$

Profit %
$= \frac{\text{Profit}}{\text{CP}} \times 100$

$= \frac{0.25SP}{0.75SP} \times 100$

$= \frac{1}{3} \times 100$

$= 33\tfrac{1}{3}$%

Profit = 33⅓%