Question

The purchase price of an item will be 40% of the selling price, what percentage of the purchase price will be the selling price

Answer 1

Dear Student,

⇒Answer :

Given :

Cost price of an article = 40% of the selling price  

So, selling price S.P. = Rs. 100

and Cost price C.P. = Rs. 40

Now ,

Gain or Profit = S.P. – C.P.

= 100 – 40

= Rs. 60

∴ Gain or Profit percent = 60 / 40 × 100  

=  $\frac{600}{4 }$  

= 150 %

Answer → 150 %  of the purchase price will be the selling price