If the cost price is 72% of the selling

CUET Preparation Today

Start Free Mocks

Home Questions 9GRR8NM6VG

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

If the cost price is 72% of the selling price, then what is the percentage of profit? (Correct to 2 decimal places)

Options:

38.89%

35.75%

32.25%

28.75%

Correct Answer:

38.89%

Explanation:

Cost price = 72% of selling price

\(\frac{Cost price}{selling price}\) = \(\frac{72}{100}\) = \(\frac{18}{25}\)

Profit = 25 - 18 = 7

Profit % = \(\frac{7}{18}\) × 100 = 38.89%