60% of the cost price of a glass is 25% of its selling price. What is the profit percentage?
Answer & explanation
Correct answer: option 4
Given,
60% of the cost price of a glass = 25% of its selling price
\(\frac{CP}{SP}\) = \(\frac{25}{60}\)
Profit% = (60 - 25) × \(\frac{100}{25}\) = 140%