Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
709 views
in Aptitude by (115k points)
closed by
If the cost price is 60% of the selling price, What is the profit percent?
1. 36.6%
2. 70%
3. 66.66%
4. 64.6%

1 Answer

0 votes
by (114k points)
selected by
 
Best answer
Correct Answer - Option 3 : 66.66%

Formula -

Profit = Selling Price (S.P) - Cost Price (C.P)

% Profit = (Profit × 100) ÷ C.P

Calculation - 

⇒ C.P = (60 × S.P) ÷  100 

⇒ or C.P ÷ S.P = 60 ÷ 100 

⇒ C.P ÷ S.P = 3 ÷ 5

⇒ C.P = 3, S.P = 5

Profit  = 5 - 3

⇒ Profit  = 2

% Profit = (2 × 100) ÷ 3

⇒ % Profit = 200 ÷ 3

⇒ % Profit = 66.66%

∴ The required answer is 66.66%

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...