Question

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

• A. $16\frac{2}{3}\%$
• B. $20\frac{1}{2}\%$
• C. $25\frac{1}{2}\%$
• D. $33\frac{1}{3}\%$

Answer 1

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

Let $CP=1$

$SP=\frac{4}{3}$

Profit = $\frac{4}{3}-1=\frac{1}{3}$

so % profit = $\frac{1}{3}\times 100=33.33\%$

or

$33\frac{1}{3}\%$