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If the cost price of a table is 62% of the selling price, then what is the profit percentage?
  • a)
    43.42
  • b)
    37.45
  • c)
    61.29
  • d)
    71.35
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
If the cost price of a table is 62% of the selling price, then what is...
GIVEN:
CP of a table = 62% × SP
FORMULA USED:
Profit % = (profit/CP) × 100 
CALCULATION:
Let the SP of the table be Rs 100
CP of the table = 62% of 100 = 100 × (62/100) = Rs. 62
We know,
Profit = SP – CP = 100 – 62 = 38
We know,
∴ Profit % = (profit/CP) × 100 = (38/62) × 100 = 61.29%
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Most Upvoted Answer
If the cost price of a table is 62% of the selling price, then what is...
GIVEN:
CP of a table = 62% × SP
FORMULA USED:
Profit % = (profit/CP) × 100 
CALCULATION:
Let the SP of the table be Rs 100
CP of the table = 62% of 100 = 100 × (62/100) = Rs. 62
We know,
Profit = SP – CP = 100 – 62 = 38
We know,
∴ Profit % = (profit/CP) × 100 = (38/62) × 100 = 61.29%
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Community Answer
If the cost price of a table is 62% of the selling price, then what is...
C
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If the cost price of a table is 62% of the selling price, then what is the profit percentage?a)43.42b)37.45c)61.29d)71.35Correct answer is option 'C'. Can you explain this answer?
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