Question

The selling price of an article is ₹1500 and its cost price is four-fifth of its selling price. Find the profit or loss percent.

• A. 25%
• B. 30%
• C. 33.33%
• D. 35%

Answer 1

The correct option is A 25%

Given,
the selling price of an article (S.P) = ₹1500
and the cost price of the article (C.P)
$=\frac{4}{5}\times S.P$
$=\frac{4}{5}\times ₹1500$
$=₹1200$
As, S.P > C.P, so there will be profit.
Profit = S.P - C.P
= ₹(1500 - 1200)
= ₹300
$\text{Profit \%}=\frac{Profit}{C.P}\times 100$
$=\frac{300}{1200}\times 100$
$=25\%$
Hence, the profit percent is 25%.