Question

If the cost price and selling price of an article is in the ratio 6:8 what is the profit percentage

Answer 1

Let the cost price be 6x and the selling price be 8x. Thus profit = SP - CP
= 8x - 6x
= 2x

We know that profit percentage = Gain/CP x 100
= 2x/6x * 100
= 1/3 x 100
= 33.33 %

Hope that helps !!