The ratio of selling price to the cost price is 21 : 16. What is the profit percentage?

A) 35.75	B) 21.75
C) 27.75	D) 31.25

Answer: D) 31.25

Explanation:

Subject: Profit and Loss
Exam Prep: Bank Exams

Related Questions

Tarun got 30% concession on the labelled price of an article and sold it for Rs. 8750 with 25% profit on the price he bought. What was the labelled price ?

A) 10000	B) 12000
C) 13000	D) 14000

Answer & Explanation Answer: A) 10000

Explanation:

Cost Price = $R s . [\frac{100}{125} \times 8750]$ = Rs. 7000. Let the labelled price be Rs. x.

Then, $\frac{70}{100} * x = 7000$ $\Rightarrow x = R s . (\frac{7000 * 100}{70})$

= Rs.10000

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The ratio of selling price to the cost price is 21 : 16. What is the profit percentage?

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