Question : 40 percent of the cost price of an article is equal to 24 percent of its selling price. What is the profit percentage?
Option 1: 60 percent
Option 2: 50 percent
Option 3: 66.66 percent
Option 4: 52.5 percent
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Correct Answer: 66.66 percent
Solution : Let the cost price of the article as CP and the selling price as SP. Given that 40% of CP is equal to 24% of SP. ⇒ 0.40 × CP = 0.24 × SP ⇒ $\frac{SP}{CP} = \frac{0.40}{0.24}=\frac{5}{3}$ Let SP be $5x$ and CP be $3x$. We know, Profit percentage = $\frac{\text{Selling price – Cost price}}{\text{Cost price}}×100=\frac{5x-3x}{3x}×100= \frac{2}{3} \times 100= 66.66\%$ Hence, the correct answer is 66.66 percent.
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Question : 40% of the cost price of an article is equal to 25% of its selling price. What is the profit percentage?
Option 1: 150%
Option 2: 120%
Option 3: 50%
Option 4: 60%
Question : If the cost price of an article is 80 percent of its selling price, then what is the profit percentage?
Option 1: 50%
Option 2: 33.33%
Option 3: 25%
Option 4: 30%
Question : 40 percent of the selling price of a fan is equal to $\frac4{5}$ of the cost price of the fan. What is the profit percentage?
Option 1: 150 percent
Option 2: 125 percent
Option 3: 100 percent
Option 4: 120 percent
Question : The profit obtained on selling an article for Rs. 600 is equal to the loss incurred on selling the same article for Rs. 400. If the selling price is Rs. 750, then what is the profit percentage?
Option 1: 80%
Option 2: 50%
Option 3: 70%
Question : If the cost price is 40% of the selling price, then what is the profit percent?
Option 2: 200%
Option 3: 100%
Option 4: 150%
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