Question:
What per cent selling price would be 34% of the cost price if the gross profit is 26% of the selling price?
What per cent selling price would be 34% of the cost price if the gross profit is 26% of the selling price?
Updated On: Sep 24, 2024
- 74.00%
- 25.16%
- 17.16%
- 88.40%
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The Correct Option is B
Solution and Explanation
Let the selling price of the article = Rs. 100
Therefore,
Profit = Rs. 26
So, Cost price of the article = S.P. - Profit
= 100 - 26 = Rs. 74
So,
Required \(\%\) \(=\frac{(34\times74)}{100}\)
= 25.16\(\%\).
So the correct option is (B)
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