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 =ย $$\ \frac{\ SP-CP}{CP}\times\ 100$$

=$$\ \frac{\ 4CP-CP}{CP}\times\ 100$$

=300%

C is the correct answer.

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