Question

If the CP is 60% of the sellng price. what isthe profit%?

Answer 1

let s.p be x

then cp will be x×60%=3x/5

profit %= x-3x/5/3x/5×100

66.66%

Answer 2

Answer:

Required profit % is 200/3 %.

Explanation:

Given,

Cost price = 60% of selling price

Cost price = 60% x selling price

CP = 60 / 100 x SP

CP = 3 / 5 x SP

5 / 3 = SP / CP ... ( 1 )

We know, profit% = profit / cost price x 100%

Therefore, here

= > Profit % = ( Profit / Cost price ) x 100%

= > Profit % = ( SP - CP ) / CP x 100%

= > Profit % = ( SP / CP - CP / CP ) x 100%

= > Profit % = ( 5 / 3 - 1 ) x 100% { from ( 1 ), SP / CP = 5 / 3 }

= > Profit % = 2 / 3 x 100% = 200/3 %

Hence the required profit % is 200/3 %.