Practicing Success
Raman decided to sell a pen to Mohan at 25% profit but incurred a net loss of 16\(\frac{2}{3}\)% because of transportation cost. What percent of selling price is transportation cost? |
66.66% 33.33% 50% 40% |
40% |
25% = \(\frac{1}{4}\) CP = 4, SP = 5 With transportation (-) 16\(\frac{2}{3}\)% = \(\frac{1}{6}\) CP = 6, SP = 5 Diff in CP is due to transportation charges Hence transportation cost = 6 - 4 = 2 Required Percentage = \(\frac{2}{5}\) × 100 = 40% |