Question

Aakash sold an article and earned a profit equal to 30% of the selling price of that article. Find his actual profit percentage (approximate).
1. 35
2. 43
3. 52
4. 39

Answer 1

Correct Answer - Option 2 : 43

Given:

Aakash sold an article and earned a profit equal to 30% of the selling price of that article.

Formula used:

P = S.P – C.P

P% = (P/CP) × 100

Where,

P → Profit

S.P → Selling price

C.P → Cost price  

Calculations:

Suppose Selling Price = Rs. x

So, Profit = 0.3x

Cost Price = x – 0.3x = 0.7x

Profit percentage = (0.3x/0.7x) × 100 = 42.85% ≈ 43%

∴ Profit percentage is 43%