If selling price of an article is \(\frac{8 }{5}\) times of its cost price, Then find the profit percentage.
Answer & explanation
Correct answer: option 4
ATQ,
⇒ SP = \(\frac{8}{5}\) CP
⇒ SP = 8, CP = 5 ⇒ Profit = 3
Profit % = \(\frac{3}{5}\) × 100 = 60%