Question

An article is bought and sold with a profit of 25% of selling price,find the profit percent​

Answer 1

Answer:

33.3%

Explanation:

profit percent = Sp-Cp/Cp * 100%

Sp is the selling price

Cp is the cost price

Let the selling price of the article be x

If it is sold with a profit of 25% of selling price, then;

Profit = 0.25x

Since Profit = Sp - Cp

0.25x = x - Cp

Cp = x - 0.25x

Cp = 0.75x

Substitute into the formula

Profit percent = 0.25x/0.75x * 100

Profit percent = 0.25/0.75 * 100

Profit percent = 1/3 * 100

Profit percent = 33.3%

Hence the profit percent is 33.3%