Selling price of an article is $\frac{8}{7}$ of cost price. What is the profit percentage? |
$\frac{100}{9}$ $\frac{100}{11}$ $\frac{100}{8}$ $\frac{100}{7}$ |
$\frac{100}{7}$ |
Selling price of an article is $\frac{8}{7}$ of cost price, \(\frac{SP}{CP}\) = \(\frac{8}{7}\) Profit = 1 Profit% = \(\frac{1 × 100}{7}\) = \(\frac{100}{7}\)% |