Question
Download Solution PDFIf the cost price of a camera is 75% of its selling price, then the profit per cent is:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Cost Price (CP) of the camera = 75% of Selling Price (SP)
Formula Used:
Profit% =
Calculation:
Let the Selling Price (SP) be 100
Cost Price (CP) = 75% of SP = 75
Profit = SP - CP = 100 - 75 = 25
Profit% =
⇒ Profit% =
⇒ Profit% = 33.33%
The profit percent is 33(1)/(3) %.
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