The selling price of an article is 5/4 times its cost price. What is the…
2025
The selling price of an article is 5/4 times its cost price. What is the profit percentage?
- A.
25%
- B.
24%
- C.
50%
- D.
30%
- E.
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Correct answer: A
To calculate the profit percentage when the selling price (SP) is 5/4 times the cost price (CP), follow these steps:
Step-by-Step Analysis
Understand the Relationship:
SP = (5/4) * CP
This can be written as SP/CP = 5/4.
Let CP = 4 and SP = 5.
Calculate Profit:
Profit = SP - CP
Profit = 5 - 4 = 1
Calculate Profit Percentage:
Profit Percentage = (Profit / CP) * 100
Profit Percentage = (1 / 4) * 100
Profit Percentage = 25%