A shopkeeper earns 25% profit on selling price. Find his profit percentage on cost price.
Answer & explanation
Correct answer: option 1
S × 25% = \(\frac{1}{4}\)S ⇒ Let SP = 4
Profit = 1
CP = 3
Profit on CP = \(\frac{(4-3)}{3}\) × 100 = 33.33%
A shopkeeper earns 25% profit on selling price. Find his profit percentage on cost price.
Correct answer: option 1
S × 25% = \(\frac{1}{4}\)S ⇒ Let SP = 4
Profit = 1
CP = 3
Profit on CP = \(\frac{(4-3)}{3}\) × 100 = 33.33%