Question 70

The article was sold at $$\frac{4}{3}$$ times of its cost price. The profit percentage is:

Solution

The article was sold at $$\frac{4}{3}$$ times of its cost price.

Let's assume the cost price of the article is 3y.

selling price = $$\frac{4}{3}\times3y$$ = 4y

The profit percentage = $$\frac{\left(4y-3y\right)}{3y}\times100$$

= $$\frac{y}{3y}\times100$$

= $$33\frac{1}{3}$$%

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