If the selling price of 320 web cameras is equal to the cost price of 400 web cameras, then the…
The profit is 25%. Let each camera cost ₹ 1; then 320 cameras sell for ₹ 400 against a cost of ₹ 320, a profit of ₹ 80 on ₹ 320, which is \(\frac{80}{320} = 25\%\). Taking…
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If the selling price of 320 web cameras is equal to the cost price of 400 web cameras, then the percentage profit is:
Answer and explanation
Correct answer D
The profit is 25%. Let each camera cost ₹ 1; then 320 cameras sell for ₹ 400 against a cost of ₹ 320, a profit of ₹ 80 on ₹ 320, which is . Taking the profit on the selling price instead gives , which is not the profit percentage.
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Common Management Admission Test (CMAT)