If the cost price of an article is 3535of its selling price, find profit/loss percent.66.66% loss66.66% profit33.33% loss33.33% profit
Question
If the cost price of an article is 3535of its selling price, find profit/loss percent.66.66% loss66.66% profit33.33% loss33.33% profit
Solution
The problem states that the cost price of an article is 35/100 (or 0.35) of its selling price. This means that the selling price is higher than the cost price, indicating a profit situation.
Let's denote the selling price as S. According to the problem, the cost price (C) is 0.35S.
The profit (P) is calculated as the selling price (S) minus the cost price (C). So, P = S - C.
Substituting the given values, we get P = S - 0.35S = 0.65S.
The profit percentage is calculated as (Profit / Cost price) * 100. Substituting the given values, we get (0.65S / 0.35S) * 100 = 185.71%.
However, this is not one of the options given. There might be a mistake in the problem or the options. Please check the problem and the options again.
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