Question : If the selling price of 7 articles is equal to the cost price of 8 articles, then what is the profit percentage (correct to one decimal place)?
Option 1: 14.3%
Option 2: 13.9%
Option 3: 15.4%
Option 4: 11.7%
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Correct Answer: 14.3%
Solution : Selling price of 7 articles = cost price of 8 articles ⇒ 7 × SP = 8 × CP ⇒ $\frac{SP}{CP} = \frac{8}{7}$ If SP = 8, then CP = 7 Gain = SP – CP = 8 – 7 = 1 Gain percentage = $\frac{1}{7}×100 $ = 14.3% Hence, the correct answer is 14.3%.
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Question : If the cost price is 72% of the selling price, then what is the percentage of profit? (Correct to 2 decimal places)
Option 1: 38.89%
Option 2: 35.75%
Option 3: 32.25%
Option 4: 28.75%
Question : The selling price of 28 items is equal to the cost price of 17 items. What is the percentage of profit or loss?
Option 1: $39 \frac{2}{7} \%$ loss
Option 2: $39 \frac{2}{7} \%$ profit
Option 3: $33 \frac{2}{7} \%$ profit
Option 4: $33 \frac{2}{7} \%$ loss
Question : A store sells a watch for a profit of 25% of its cost price. Then, the percentage of profit against the selling price is:
Option 1: 22%
Option 2: 20%
Option 3: 18%
Option 4: 15%
Question : If the cost price of 28 oranges is equal to the selling price of 24 oranges, then the profit percentage is:
Option 1: $16 \frac{2}{3}$%
Option 2: $16 \frac{1}{3}$%
Option 3: $18 \frac{2}{3}$%
Option 4: $18 \frac{1}{3}$%
Question : The marked price of an article is 40% above its cost price. If its selling price is $73 \frac{1}{2} \%$ of the marked price, then the percentage profit is:
Option 1: 2.9%
Option 2: 2.7%
Option 3: 2.6%
Option 4: 2.5%
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