Question

If selling price of an article is $\frac{4}{3}$ of its cost price, the profit in the transaction is

• A. $\frac{1}{3}$ $\%$
• B. $20\frac{1}{2}$ $\%$
• C. $33\frac{1}{3}$ $\%$
• D. $25\frac{1}{2}$ $\%$

Answer 1

The correct option is C $33\frac{1}{3}$ $\%$

Let C.P. $=x$
Then S.P. $=\frac{4x}{3}$
Gain $=(\frac{4x}{3}-x)=\frac{x}{3}$
$\therefore$ Gain $\%$ $=(\frac{x}{3}\times \frac{1}{x}\times 100)=33\frac{1}{3}$ $\%$