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If the selling price of an article is 7/6 times its cost price, Then profit percentage is.
- a)16.67%
- b)13.27%
- c)15.57%
- d)38%
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
If the selling price of an article is 7/6 times its cost price, Then p...
Given,
⇒ SP = (7/6)CP
⇒ Profit = [(SP - CP)/CP] × 100
⇒ Profit = [((7/6)CP - CP)/CP] × 100
⇒ Profit = (1/6) × 100
⇒ Profit = 16.67%
⇒ SP = (7/6)CP
⇒ Profit = [(SP - CP)/CP] × 100
⇒ Profit = [((7/6)CP - CP)/CP] × 100
⇒ Profit = (1/6) × 100
⇒ Profit = 16.67%
Most Upvoted Answer
If the selling price of an article is 7/6 times its cost price, Then p...
Understanding the Problem
To determine the profit percentage when the selling price (SP) is given as 7/6 times the cost price (CP), we can use the formulas for profit and profit percentage.
Formulas Used
- Selling Price (SP) = (7/6) * Cost Price (CP)
- Profit = Selling Price - Cost Price = SP - CP
- Profit Percentage = (Profit / Cost Price) * 100
Calculating Selling Price
Assume the Cost Price (CP) is 6 units (for easy calculation):
- SP = (7/6) * 6 = 7 units
Calculating Profit
Now, calculate the profit:
- Profit = SP - CP = 7 - 6 = 1 unit
Calculating Profit Percentage
Now, we can find the profit percentage:
- Profit Percentage = (Profit / Cost Price) * 100
- Profit Percentage = (1 / 6) * 100 = 16.67%
Conclusion
Thus, the profit percentage when the selling price of an article is 7/6 times its cost price is 16.67%. Therefore, the correct answer is option 'A'.
To determine the profit percentage when the selling price (SP) is given as 7/6 times the cost price (CP), we can use the formulas for profit and profit percentage.
Formulas Used
- Selling Price (SP) = (7/6) * Cost Price (CP)
- Profit = Selling Price - Cost Price = SP - CP
- Profit Percentage = (Profit / Cost Price) * 100
Calculating Selling Price
Assume the Cost Price (CP) is 6 units (for easy calculation):
- SP = (7/6) * 6 = 7 units
Calculating Profit
Now, calculate the profit:
- Profit = SP - CP = 7 - 6 = 1 unit
Calculating Profit Percentage
Now, we can find the profit percentage:
- Profit Percentage = (Profit / Cost Price) * 100
- Profit Percentage = (1 / 6) * 100 = 16.67%
Conclusion
Thus, the profit percentage when the selling price of an article is 7/6 times its cost price is 16.67%. Therefore, the correct answer is option 'A'.
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If the selling price of an article is 7/6 times its cost price, Then profit percentage is.a)16.67%b)13.27%c)15.57%d)38%Correct answer is option 'A'. Can you explain this answer?
Question Description
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