Question

An article is bought and sold at a profit of 25% of selling price. find the profit percentage​

Answer 1

Answer

Let's see what we have here.

A shopkeeper sold Item X for a his selling price (SP).

Let SP = x

Since the question says that

Profit is 25% of the selling price,

we have: Profit = 25% SP = 0.25x

Now, we already know that:

Profit = SP - Cost

This part is the catch.

To find out how much Item X originally cost,

Cost = SP - Profit = x - 0.25x = 0.75x

Now that we know the original cost of Item X,

we can easily calculate the

Real profit % using this formula:=

(Profit/Cost)*100=

(0.25x/0.75x)*100= 33%