The ratio of cost price and selling price of an article is c : d. If d is 150% of c then the percentage of profit on cost price is:
Answer & explanation
Correct answer: option 2
The ratio of cost price and selling price of an article is c : d.
d is 150% of c
Let c be Rs. 100
d = 100 × \(\frac{150}{100}\) = Rs. 150
Profit = 150 – 100 = 50
Profit % = \(\frac{50}{100}\) × 100 = 50%