Question : The ratio of the cost price and selling price of an article is 25 : 26. The percent of the profit will be:
Option 1: 26%
Option 2:
25%
Option 3:
1%
Option 4:
4%
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Correct Answer:
Solution : Given that the cost price (CP) and selling price (SP) of an article are in the ratio 25 : 26, Let, $ \text{CP} = 25x $ $ \text{SP} = 26x $ $ \text{Profit percentage} = \frac{\text{Selling price} - \text{Cost price}}{\text{Cost price}} \times 100 $ Substituting these values into the formula, $ \text{Profit Percentage} = \frac{26x - 25x}{25x} \times 100 = 4\% $ Hence, the correct answer is 4%.
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Question : If the cost price and selling price of an article are in the ratio 10 : 11, then the percentage of profit is:
Option 1: 10%
Option 2: 9%
3%
Option 4: 1%
Question : If the ratio of the cost price to the selling price of an article is 4 : 5, the percentage of profit will be:
Option 1: 20
Option 2: 0.1
Option 3: 10
Option 4: 25
Question : A manufacturer fixes his selling price at 33% over the cost of production. If the cost of production goes up by 12% and the manufacturer raises his selling price by 10%, his percentage profit is:
Option 1: $28\frac{3}{8}\%$
Option 2: $30\frac{5}{8}\%$
$36\frac{5}{9}\%$
$35\%$
Question : A tradesman marks his goods $30\%$ more than the cost price. If he allows a discount of $6\frac{1}{4}\%$, then his gain percent is:
Option 1: $23\frac{3}{4}\%$
$22\%$
Option 3: $21\frac{7}{8}\%$
$30\%$
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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