The ratio of cost price and the selling price is 4:5 . The profit percent is:
mention shortcut to approach such ques.
Answers
Answer:25%
Step-by-step explanation :cost price = 4x
selling price = 5x
profit % = (sp - cp)/ cp × 100
= (5x - 4x) / 4x × 100
=25%
Given:
The ratio between the cost price and the selling price is 4:5.
To find:
The profit percent.
Solution:
Let us denote the price by X.
Cost price is the price at which an article is purchased or manufactured.
The price at which an article is sold is the selling price of the article.
Since the ratio between cost price and the selling price is 4:5
Let the cost price be Rs. 4X
Let the selling price be Rs. 5X
Profit = S.P - C.P
S.P = selling price
C.P = cost price
Profit = 5X – 4X
Profit = X
Profit percent is the amount of profit gained in terms of percentage.
Therefore,
Profit percent = ( P/C.P) × 100
P = profit
C.P = cost price
= (X/4X) × 100
= 25%
The profit percent is 25%.