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SSC MTS 2019 · PYQ · Profit and Loss · medium

Selling price of an article is 8/7 of cost price. What is the profit percentage?

Answer

The correct answer is D: 100/7. SP/CP = 8/7, so profit = 1/7 of CP. Profit% = (1/7)×100 = 100/7.

  1. A.100/8
  2. B.100/9
  3. C.100/11
  4. D.100/7✓ Correct

Explanation

SP/CP = 8/7, so profit = 1/7 of CP. Profit% = (1/7)×100 = 100/7.
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