Question
Download Solution PDFThe ratio of the cost price of an article to its selling price is 432 ∶ 612. The profit percentage (rounded off to 2 decimal places) on it is:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
The ratio of the cost price (CP) to the selling price (SP) is 432 ∶ 612.
Formula used:
Profit Percentage = \(\left(\frac{SP - CP}{CP}\right) \times 100\)
Calculation:
Let CP = 432 and SP = 612.
Profit = SP - CP
⇒ Profit = 612 - 432
⇒ Profit = 180
Profit Percentage = \(\left(\frac{180}{432}\right) \times 100\)
⇒ Profit Percentage = \(\left(\frac{180}{432}\right) \times 100\)
⇒ Profit Percentage = 0.4166 × 100
⇒ Profit Percentage = 41.66%
∴ The correct answer is option 1.
Last updated on Jun 3, 2025
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