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Ravi sells a chain and calculates his profit on selling price to be 15%. What is his actual profit percentage ?
  • a)
    16.74 %
  • b)
    14.67 %
  • c)
    17.64 %
  • d)
    11.16 %
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Ravi sells a chain and calculates his profit on selling price to be 15...
Let SP = 100
Profit = 15% of SP = 15/-
CP = 100-15 = 85/-
Profit on CP = (15/85)*100 = 17.64
So the answer is option C.
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Ravi sells a chain and calculates his profit on selling price to be 15%. What is his actual profit percentage ?a)16.74 %b)14.67 %c)17.64 %d)11.16 %Correct answer is option 'C'. Can you explain this answer?
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Ravi sells a chain and calculates his profit on selling price to be 15%. What is his actual profit percentage ?a)16.74 %b)14.67 %c)17.64 %d)11.16 %Correct answer is option 'C'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about Ravi sells a chain and calculates his profit on selling price to be 15%. What is his actual profit percentage ?a)16.74 %b)14.67 %c)17.64 %d)11.16 %Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ravi sells a chain and calculates his profit on selling price to be 15%. What is his actual profit percentage ?a)16.74 %b)14.67 %c)17.64 %d)11.16 %Correct answer is option 'C'. Can you explain this answer?.
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