Question : If the ratio of the cost price and selling price of an article is 20 : 21, then what will be the profit percent?
Option 1: 5%
Option 2:
4.5%
Option 3:
6%
Option 4:
7.5%

Question

Question : If the ratio of the cost price and selling price of an article is 20 : 21, then what will be the profit percent?

Option 1: 5%

Option 2:

4.5%

Option 3:

6%

Option 4:

7.5%

Team Careers360 · Accepted Answer

Correct Answer: 5%

Solution : The ratio in cost price (CP) and selling price (SP) = 20 : 21
Let CP = Rs. 20 and SP = Rs. 21
Gain = SP – CP = Rs. 21 – 20 = Re. 1
Gain% = $\frac{ ext{Total gain} imes 100}{ ext{Cost price}}=\frac{1 imes 100}{20}$ = 5%
Hence, the correct answer is 5%.

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Question : If the ratio of the cost price and selling price of an article is 20 : 21, then what will be the profit percent?Option 1: 5%Option 2: 4.5%Option 3: 6%Option 4: 7.5%

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Question : If the ratio of the cost price and selling price of an article is 20 : 21, then what will be the profit percent?
Option 1: 5%
Option 2:
4.5%
Option 3:
6%
Option 4:
7.5%