Please enter the following details
Free Daily Targets & Mocks
Study Material & Formulas PDFs
1 on 1 Mentorship
Question 78
A trader makes a profit equal to the selling price of 75 articles when he sold 100 of the articles. What % profit did he make in the transaction?
Solution
It is given that profit on 100 articles = SP of 75 articles
100(SP-CP) = 75*SP
4(SP-CP) = 3SP
SP = 4CP
Profit = $$\ \frac{\ SP-CP}{CP}\times\ 100$$
=$$\ \frac{\ 4CP-CP}{CP}\times\ 100$$
=300%
C is the correct answer.
Video Solution
Create a FREE account and get:
- All Quant Formulas and shortcuts PDF
- 170+ previous papers with solutions PDF
- Top 5000+ MBA exam Solved Questions for Free
SNAP Quant Questions | SNAP Quantitative Ability
SNAP Averages, Ratio and Proportion QuestionsSNAP Data Sufficiency QuestionsSNAP Venn Diagrams QuestionsSNAP Time, Distance and Work QuestionsSNAP Inequalities Questions
