Practicing Success
40% of the cost price of an article is equal to 30% of its selling price. The approximate percentage of profit or loss on the cost price is: |
44.44% profit 42.22% loss 35.55% loss 33.33% profit |
33.33% profit |
40% of the cost price = 30% of its selling price \(\frac{SP}{CP}\) = \(\frac{4}{3}\) Profit = 4 - 3 = 1 Profit% = 1 × \(\frac{100}{3}\) = 33.3% |