Question 53
The cost price of an article is 25% less than its selling price. What is the profit or loss percentage?
Solution
The cost price of an article is 25% less than its selling price.
Let's assume the selling price of an article is 100y.
cost price = 100y of (100-25)%
= 100y of 75%
= $$100y\times\frac{75}{100}$$
= 75y
profit percentage = $$\frac{selling\ price - cost\ price}{cost\ price}\times 100$$
= $$\frac{100y-75y}{75y}\times100$$
= $$\frac{25y}{75y}\times100$$
= $$\frac{1}{3}\times100$$
= 33.33% profit
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