The selling price of a plate is 140% of its cost price . What will be the profit percentage?

35% 28.57% 40% 25%

40%

Let the Cost price = 100 Then the selling price is given as = 140% of the CP = 140% of 100 = 140 Profit = 140 - 100 = 40 Profit% = 40 × \(\frac{100}{100}\) = 40%