Question 12

The ratio of the cost price and selling price of a shirt is 32 : 37. What is the profit percentage

Solution

Ratio of cost price to the selling price = 32 : 37

Let Cost price = $$x=32$$ and selling price = $$y=37$$

=> Profit % = $$\frac{(y-x)}{x}\times100$$

= $$\frac{(37-32)}{32}\times100$$

= $$\frac{500}{32}=15.625\%$$

=> Ans - (A)

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