If the cost price is 25% of selling price, then what is the profit percentage?
Let the selling price be 100, so the cost price is 25. The profit is \(100 - 25 = 75\). Profit percentage is calculated on cost, so it is \(\frac{75}{25} \times 100 = 300\%\).
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If the cost price is 25% of selling price, then what is the profit percentage?
Answer and explanation
Correct answer C
Let the selling price be 100, so the cost price is 25. The profit is . Profit percentage is calculated on cost, so it is .
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