ABC26GN2630 · Profit and Loss
Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2006 · Marks: · Difficulty:
If selling price of an article is $\frac{4}{3}$ of its cost price, the profit in the transaction is
(a)$16 \frac{2}{3} \%$
(b)$20 \frac{1}{2} \%$
(c)$25 \frac{1}{2} \%$
(d)$33 \frac{1}{3} \%$
Answer
Explanation
Let C.P. $=₹ x$. Then, S.P. $=₹ \frac{4 x}{3}$. $$\begin{aligned} & \text { Gain }=₹\left(\frac{4 x}{3}-x\right)=₹ \frac{x}{3} . \\ & \therefore \text { Gain } \%=\left(\frac{x}{3} \times \frac{1}{x} \times 100\right) \%=33 \frac{1}{3} \% . \end{aligned}$$
Explanation as extracted from the printed page; notation may be imperfect.
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