The ratio of the cost price of an item and the profit gained while selling the item is 4 : 1. What is the profit percentage?
Answer & explanation
Correct answer: option 2
Cost price : Profit
4 : 1
Profit % = 1 × \(\frac{100}{4}\) = 25%
The ratio of the cost price of an item and the profit gained while selling the item is 4 : 1. What is the profit percentage?
Correct answer: option 2
Cost price : Profit
4 : 1
Profit % = 1 × \(\frac{100}{4}\) = 25%