If the selling price of a toy is
3
4
of its Cost Price, then the profit percentage is:
- A13\frac{1}{3}%
- B61\frac{1}{3}%
- C33\frac{1}{3}%
- D41\frac{1}{3}%
Solution & Step-by-step Explanation
Let the Cost Price (CP) of the toy be x.
According to the question, the Selling Price (SP) is:
SP=
3
4
x
The profit is calculated as:
Profit=SP−CP=
3
4
x−x=
3
1
x
Now, calculate the profit percentage:
Profit Percentage=(
CP
Profit
)×100
Profit Percentage=
x
3
1
x
×100=
3
1
×100=
3
100
%=33
3
1
%
According to the question, the Selling Price (SP) is:
SP=
3
4
x
The profit is calculated as:
Profit=SP−CP=
3
4
x−x=
3
1
x
Now, calculate the profit percentage:
Profit Percentage=(
CP
Profit
)×100
Profit Percentage=
x
3
1
x
×100=
3
1
×100=
3
100
%=33
3
1
%