Profit and Loss Practice Test 9

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Question : 12 of 40

Marks: +1, -0

The cost price of an article is

12/ 17

of SP. What is the percentage profit or loss?

loss 39.67%
profit 51.96%
profit 41.43%
loss 42.33%
None of these

Solution:

\table \SP, \CP;1,12/17=0.71

Profit percent

={SP-CP}/{CP}×100

={1-0.71}/{0.71}×100=41.43%

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