Question

If the ratio of the cost price and sale price is $25:26$. Then find the profit in percentage.

Answer 1

Given the ratio of the cost price and sale price is $25:26$ then let the cost price is $25x$ and the sale price is $26x$.

Then profit is $26x-25x=x$.

Now percentage of profit is $\frac{x}{25x}\times 100=4\%$.