If the cost price is 75% of the selling price, then what is the profit in percentage?
(1) 25%
(2) 30%
(3) 33.33%
(4) 27.5%
(1) 1
(2) 2
(3) 3
(4) 4
EXPLANATION
Let’s assume S.P = 100 therefore C.P= 75
C.P : S.P
75 : 100
3 : 4
Profit %= 1/3*100= 33.33%
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