A trader sells 100 articles and earns a profit equal to the selling price of 75 articles. Compute his profit percentage on cost.
Aptitude
Profit and Loss
Difficulty: Easy
Choose an option
-
A33.33%
-
B75%
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C300%
-
D150%
Answer
Correct Answer: 300%
Explanation
Introduction:When profit is expressed as a multiple of selling price of some quantity, convert it into algebra with per-unit selling price to find cost and then the profit percentage.
Given Data / Assumptions:
- Let s be the selling price per article.
- Total articles sold = 100.
- Profit amount = selling price of 75 articles = 75s.
Concept / Approach:Total SP = 100s. Cost = SP − Profit. Profit% = Profit / Cost * 100.
Step-by-Step Solution:Total SP = 100sProfit = 75sTotal Cost = 100s − 75s = 25sProfit% = 75s / 25s * 100 = 300%
Verification / Alternative check:Numbers: if s = 1, SP = 100, profit = 75, cost = 25 ⇒ 75/25 * 100 = 300%.
Why Other Options Are Wrong:
- 33.33% / 75% / 150%: each uses the wrong base (SP) or misreads the condition.
Common Pitfalls:
- Calculating profit% on selling price rather than on cost price.
Final Answer:300%