If the cost price of an article is 5/8 of its selling price, then what is the profit percentage?

a) 45 percent
b) 75 percent
c) 30 percent
d) 60 percent

Answer : d) 60 percent

SSC Constable GD Paper : Elementary Mathematics

Solution

Let the selling price (SP) of the article be ( x ). The cost price (CP) is given as 5/8 of the selling price. Therefore:

CP =

The profit is the difference between the selling price and the cost price:
Profit = SP – CP =

The profit percentage is calculated as:
Profit Percentage =

Thus, the profit percentage is 60%.