Question 12

A trader sells wire and gains 60% on the cost price. What will be the profit percentage on selling price?

Solution

Let cost price = Rs. 100

Profit = $$\frac{60}{100}\times100=Rs.$$ $$60$$

=> Selling price = $$100+60=Rs.$$ $$160$$

$$\therefore$$ Profit percentage on selling price = $$\frac{60}{160}\times100$$

= $$\frac{3}{8}\times100=37.5\%$$

=> Ans - (D)

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