Question 51

The selling price of a plate is 140% of its cost price. What will be the profit percentage?

Solution

The selling price of a plate is 140% of its cost price.

Let's assume the cost price of a plate is '100y'.

selling price of a plate = 100y of 140%

= $$100y\times\frac{140}{100}$$

= 140y

Profit percentage = $$\frac{(selling\ price - cost\ price)\times 100}{cost\ price}$$

= $$\frac{(140y - 100y)\times 100}{100y}$$

= $$\frac{40y\times 100}{100y}$$

= 40%

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